Source: http://www.law.cornell.edu/ucc/4/4-302
Timestamp: 2014-07-24 17:45:39
Document Index: 264240418

Matched Legal Cases: ['§ 4', 'ART 3', '§ 4', '§ 4', '§ 4', '§ 4']

§ 4-302. PAYOR BANK's RESPONSIBILITY FOR LATE RETURN OF ITEM. | UCC - Uniform Commercial Code | LII / Legal Information Institute
Uniform Commercial Code › U.C.C. - ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS (2002) › PART 3. COLLECTION OF ITEMS: PAYOR BANKS › § 4-302. PAYOR BANK's RESPONSIBILITY FOR LATE RETURN OF ITEM. § 4-302. PAYOR BANK's RESPONSIBILITY FOR LATE RETURN OF ITEM.
(b) The liability of a payor bank to pay an item pursuant to subsection (a) is subject to defenses based on breach of a presentment warranty (Section 4-208) or proof that the person seeking enforcement of the liability presented or transferred the item for the purpose of defrauding the payor bank. ‹ § 4-301. DEFERRED POSTING; RECOVERY OF PAYMENT BY RETURN OF ITEMS; TIME OF DISHONOR; RETURN OF ITEMS BY PAYOR BANK.
§ 4-303. WHEN ITEMS SUBJECT TO NOTICE, STOP-PAYMENT ORDER, LEGAL PROCESS, OR SETOFF; ORDER IN WHICH ITEMS MAY BE CHARGED OR CERTIFIED. ›