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Part 2 - Collection of Items - Depositary and Collecting Banks


  • Section 201 - Status of collecting bank as agent and provisional status of credits -- Applicability of chapter -- Item indorsed "pay any bank."
  • Section 202 - Responsibility for collection or return -- When action timely.
  • Section 203 - Effect of instructions.
  • Section 204 - Methods of sending and presenting -- Sending directly to payor bank.
  • Section 205 - Depositary bank holder of unindorsed item.
  • Section 206 - Transfer between banks.
  • Section 207 - Transfer warranties.
  • Section 208 - Presentment warranties.
  • Section 209 - Encoding and retention warranties.
  • Section 210 - Security interest of collecting bank in items, accompanying documents, and proceeds.
  • Section 211 - When bank gives value for purposes of holder in due course.
  • Section 212 - Presentment of notice of item not payable by, through, or at bank -- Liability of drawer or indorser.
  • Section 213 - Medium and time of settlement by bank.
  • Section 214 - Right of charge-back or refund -- Liability of collecting bank -- Return of item.
  • Section 215 - Final payment of item by payor bank -- When provisional debits and credits become final -- When certain credits become available for withdrawal.
  • Section 216 - Insolvency and preference.
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