Georgia Commons

Title 11. COMMERCIAL CODE

Chapter 4.

41 sections · 11-4-101 to 11-4-504

Article 4. BANK DEPOSITS AND COLLECTIONS · Part 1. GENERAL PROVISIONS AND DEFINITIONS

  1. 11-4-101Short title.
  2. 11-4-102Applicability.
  3. 11-4-103Variation by agreement; measure of damages; action constituting ordinary care.
  4. 11-4-104Definitions and index of definitions.
  5. 11-4-105“Bank”; “depositary bank”; “payor bank”; “intermediary bank”; “collecting bank”; “presenting bank.”
  6. 11-4-106Payable through or payable at bank; collecting bank.
  7. 11-4-107Separate office of a bank.
  8. 11-4-108Time of receipt of items.
  9. 11-4-109Delays.
  10. 11-4-110Electronic presentment.
  11. 11-4-111Statute of limitations.

Article 4. BANK DEPOSITS AND COLLECTIONS · Part 2. COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS

  1. 11-4-201Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed “pay any bank.”
  2. 11-4-202Responsibility for collection or return; when action timely.
  3. 11-4-203Effect of instructions.
  4. 11-4-204Methods of sending and presenting; sending directly to payor bank.
  5. 11-4-205Depositary bank holder of unindorsed item.
  6. 11-4-206Transfer between banks.
  7. 11-4-207Transfer warranties.
  8. 11-4-208Presentment warranties.
  9. 11-4-209Encoding and retention warranties.
  10. 11-4-210Security interest of collecting bank in items, accompanying documents, and proceeds.
  11. 11-4-211When bank gives value for purposes of holder in due course.
  12. 11-4-212Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser.
  13. 11-4-213Medium and time of settlement by bank.
  14. 11-4-214Right of charge-back or refund; liability of collecting bank; return of item.
  15. 11-4-215Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
  16. 11-4-216Insolvency and preference.

Article 4. BANK DEPOSITS AND COLLECTIONS · Part 3. COLLECTION OF ITEMS: PAYOR BANKS

  1. 11-4-301Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
  2. 11-4-302Payor bank’s responsibility for late return of item.
  3. 11-4-303When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified.

Article 4. BANK DEPOSITS AND COLLECTIONS · Part 4. RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER

  1. 11-4-401When bank may charge customer’s account.
  2. 11-4-402Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account.
  3. 11-4-403Customer’s right to stop payment; burden of proof of loss.
  4. 11-4-404Bank not obliged to pay check more than six months old.
  5. 11-4-405Death or incompetence of customer.
  6. 11-4-406Customer’s duty to discover and report unauthorized signature or alteration.
  7. 11-4-407Payor bank’s right to subrogation on improper payment.

Article 4. BANK DEPOSITS AND COLLECTIONS · Part 5. COLLECTION OF DOCUMENTARY DRAFTS

  1. 11-4-501Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
  2. 11-4-502Presentment of “on arrival” drafts.
  3. 11-4-503Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
  4. 11-4-504Privilege of presenting bank to deal with goods; security interest for expenses.