The Vermont Statutes Online

Title 9A: Uniform Commercial Code

Article 4: Bank Deposits and Collections


NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.


 
 Part 1: General Provisions And Definitions
 
§ 101   Short title
§ 102   Applicability
§ 103   Variation by agreement; measure of damages; action constituting ordinary care
§ 104   Definitions and index of definitions
§ 105   'Bank'; 'depository bank'; 'intermediary bank'; 'collecting bank'; 'payor bank'; 'presenting bank'
§ 106   Payable through or payable at bank; collecting bank
§ 107   Separate office of bank
§ 108   Time of receipt of items
§ 109   Delays
§ 110   Electronic presentment
§ 111   Statute of limitations
 
 Part 2: Collection Of Items: Depository And Collecting Banks
 
§ 201   Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed 'pay any bank'
§ 202   Responsibility for collection or return; when action timely
§ 203   Effect of instructions
§ 204   Methods of sending and presenting; sending directly to payor bank
§ 205   Depositary bank holder of unindorsed item
§ 206   Transfer between banks
§ 207   Transfer warranties
§ 208   Presentment warranties
§ 209   Encoding and retention warranties
§ 210   Security interest of collecting bank in items, accompanying documents and proceeds
§ 211   When bank gives value for purposes of holder in due course
§ 212   Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser
§ 213   Medium and time of settlement by bank
§ 214   Right of charge-back or refund; liability of collecting bank; return of item
§ 215   Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
§ 216   Insolvency and preference
 
 Part 3: Collection Of Items: Payor Banks
 
§ 301   Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
§ 302   Payor bank's responsibility for late return of item
§ 303   When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified
 
 Part 4: Relationships Between Payor Bank And Its Customer
 
§ 401   When bank may charge customer's account
§ 402   Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account
§ 403   Customer's right to stop payment; burden of proof of loss
§ 404   Bank not obliged to pay check more than six months old
§ 405   Death or incompetence of customer
§ 406   Customer's duty to discover and report unauthorized signature or alteration
§ 407   Payor bank's right to subrogation on improper payment
 
 Part 5: Collection Of Documentary Drafts
 
§ 501   Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 502   Presentment of 'on arrival' drafts
§ 503   Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 504   Privilege of presenting bank to deal with goods; security interest for expenses

  • Full text of Article 4.