Título 11. COMMERCIAL CODE · Capítulo 4. · Artículo 4. BANK DEPOSITS AND COLLECTIONS · Parte 4. RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER
11-4-405. Death or incompetence of customer.
Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.
El texto siguiente es la ley tal como la imprime el estado, en inglés.
- (a)
A payor or collecting bank’s authority to accept, pay, or collect an item or to account for proceeds of its collection, if otherwise effective, is not rendered ineffective by incompetence of a customer of either bank existing at the time the item is issued or its collection is undertaken if the bank does not know of an adjudication of incompetence. Neither death nor incompetence of a customer revokes the authority to accept, pay, collect, or account until the bank knows of the fact of death or of an adjudication of incompetence and has reasonable opportunity to act on it.#
- (b)
Even with knowledge, a bank may for ten days after the date of death pay or certify checks drawn on or before that date unless ordered to stop payment by a person claiming an interest in the account.#
History
Code 1933, § 109A-4-405, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 1996, p. 1306, § 13.
Cross references
Disposition by bank of deposit of deceased depositor, § 7-1-239.
Leer la página oficial (el PDF del estado, abierto en la página de la que se leyó este texto).
Actualizado hasta: Including Acts of the 2025 Regular Session of the General Assembly.
Texto leído de t11-(v9)-2022-pdf.pdf, Volumen V9, edición 2022, página 528; acción de fusión: carried; SHA-256 del archivo ad397fccbf21.