Rutgers Law

Title: 12A - COMMERCIAL TRANSACTIONS

Chapter: 4 -

Title: 12A - COMMERCIAL TRANSACTIONS

Chapter: 4 - Security interest of collecting bank in items, accompanying documents and proceeds.

12a:4-101: Short title

12a:4-102: Applicability

12a:4-103: Variation by agreement; measure of damages; action constituting ordinary care

12a:4-104: Definitions and index of definitions.

12a:4-105: "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"

12a:4-106: Payable through or payable at bank; collecting bank

12a:4-107: Separate office of bank

12a:4-108: Time of receipt of items

12a:4-109: Delays

12a:4-110: Electronic presentment

12a:4-111: Statute of limitations

12a:4-201: Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed "pay any bank"

12a:4-202: Responsibility for collection or return; when action is timely

12a:4-203: Effect of instructions

12a:4-204: Methods of sending and presenting; sending directly to payor bank

12a:4-205: Depositary bank holder of unindorsed item

12a:4-206: Transfer between banks

12a:4-207: Transfer warranties

12a:4-208: Presentment warranties

12a:4-209: Encoding and retention warranties

12a:4-210: Security interest of collecting bank in items, accompanying documents and proceeds

12a:4-211: When bank gives value for purposes of holder in due course

12a:4-212: Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser

12a:4-213: Medium and time of settlement by bank

12a:4-214: Right of charge-back or refund; liability of collecting bank; return of item

12a:4-215: Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal

12a:4-216: Insolvency and preference

12a:4-301: Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank

12a:4-302: Payor bank's responsibility for late return of item

12a:4-303: When items are subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified

12a:4-401: When bank may charge customer's account

12a:4-402: Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account

12a:4-403: Customer's right to stop payment; burden of proof of loss

12a:4-404: Bank not obliged to pay check more than six months old

12a:4-405: Death or incompetence of customer

12a:4-406: Customer's duty to discover and report unauthorized signature or alteration

12a:4-407: Payor bank's right to subrogation on improper payment

12a:4-501: Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor

12a:4-502: Presentment of "on arrival" drafts

12a:4-503: Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need

12a:4-504: Privilege of presenting bank to deal with goods; security interest for expenses