Bank Deposits And Collections

  1. Law
  2. Vermont Statutes
  3. Uniform Commercial Code
  4. Bank Deposits And Collections

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Section
4-101

Short title

Section
4-102

Applicability

Section
4-103

Variation by agreement; measure of damages; action constituting ordinary care

Section
4-104

Definitions and index of definitions

Section
4-105

'Bank'; 'depository bank'; 'intermediary bank'; 'collecting bank'; 'payor bank'; 'presenting bank'

Section
4-106

Payable through or payable at bank; collecting bank

Section
4-107

Separate office of bank

Section
4-108

Time of receipt of items

Section
4-109

Delays

Section
4-110

Electronic presentment

Section
4-111

Statute of limitations

Section
4-201

Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed 'pay any bank'

Section
4-202

Responsibility for collection or return; when action timely

Section
4-203

Effect of instructions

Section
4-204

Methods of sending and presenting; sending directly to payor bank

Section
4-205

Depositary bank holder of unindorsed item

Section
4-206

Transfer between banks

Section
4-207

Transfer warranties

Section
4-208

Presentment warranties

Section
4-209

Encoding and retention warranties

Section
4-210

Security interest of collecting bank in items, accompanying documents and proceeds

Section
4-211

When bank gives value for purposes of holder in due course

Section
4-212

Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser

Section
4-213

Medium and time of settlement by bank

Section
4-214

Right of charge-back or refund; liability of collecting bank; return of item

Section
4-215

Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal

Section
4-216

Insolvency and preference

Section
4-301

Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank

Section
4-302

Payor bank's responsibility for late return of item

Section
4-303

When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified

Section
4-401

When bank may charge customer's account

Section
4-402

Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account

Section
4-403

Customer's right to stop payment; burden of proof of loss

Section
4-404

Bank not obliged to pay check more than six months old

Section
4-405

Death or incompetence of customer

Section
4-406

Customer's duty to discover and report unauthorized signature or alteration

Section
4-407

Payor bank's right to subrogation on improper payment

Section
4-501

Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor

Section
4-502

Presentment of 'on arrival' drafts

Section
4-503

Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need

Section
4-504

Privilege of presenting bank to deal with goods; security interest for expenses