California Laws: Commercial Code Sections 4101-4111
- California Laws: Commercial Code Section 4201
(a) Unless a contrary intent clearly appears and before the time that a settlement given by a collecting bank for an item is or becomes...
- California Laws: Commercial Code Section 4202
(a) A collecting bank shall exercise ordinary care in all of the following: (1) Presenting an item or sending it for presentment. (2) Sending notice...
- California Laws: Commercial Code Section 4203
Subject to Division 3 (commencing with Section 3101) concerning conversion of instruments (Section 3420) and restrictive indorsements (Section 3206), only a collecting bank's transferor can...
- California Laws: Commercial Code Section 4204
(a) A collecting bank shall send items by reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those...
- California Laws: Commercial Code Section 4205
If a customer delivers an item to a depositary bank for collection both of the following apply: (a) The depositary bank becomes a holder of...
- California Laws: Commercial Code Section 4206
Any agreed method that identifies the transferor bank is sufficient for the item's further transfer to another bank. ...
- California Laws: Commercial Code Section 4207
(a) A customer or collecting bank that transfers an item and receives a settlement or other consideration warrants to the transferee and to any subsequent...
- California Laws: Commercial Code Section 4208
(a) If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, (i) the person...
- California Laws: Commercial Code Section 4209
(a) A person who encodes information on or with respect to an item after issue warrants to any subsequent collecting bank and to the payor...
- California Laws: Commercial Code Section 4210
(a) A collecting bank has a security interest in an item and any accompanying documents or the proceeds of either: (1) In case of an...
- California Laws: Commercial Code Section 4211
For purposes of determining its status as a holder in due course, a bank has given value to the extent it has a security interest...
- California Laws: Commercial Code Section 4212
(a) Unless otherwise instructed, a collecting bank may present an item not payable by, through, or at a bank by sending to the party to...
- California Laws: Commercial Code Section 4213
(a) With respect to settlement by a bank, the medium and time of settlement may be prescribed by Federal Reserve regulations or circulars, clearing house...
- California Laws: Commercial Code Section 4214
(a) If a collecting bank has made provisional settlement with its customer for an item and fails by reason of dishonor, suspension of payments by...
- California Laws: Commercial Code Section 4215
(a) An item is finally paid by a payor bank when the bank has first done any of the following: (1) Paid the item in...
- California Laws: Commercial Code Section 4216
(a) If an item is in or comes into the possession of a payor or collecting bank that suspends payment and the item has not...
