Georgia CommonsTítulo 11. COMMERCIAL CODE · Capítulo 4. · Artículo 4. BANK DEPOSITS AND COLLECTIONS · Parte 4. RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER
11-4-407. Payor bank’s right to subrogation on improper payment.
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.
If a payor bank has paid an item over the order of the drawer or maker to stop payment, or after an account has been closed, or otherwise under circumstances giving a basis for objection by the drawer or maker, to prevent unjust enrichment and only to the extent necessary to prevent loss to the bank by reason of its payment of the item, the payor bank is subrogated to the rights:
- (1)
Of any holder in due course on the item against the drawer or maker;#
- (2)
Of the payee or any other holder of the item against the drawer or maker either on the item or under the transaction out of which the item arose; and#
- (3)
Of the drawer or maker against the payee or any other holder of the item with respect to the transaction out of which the item arose.#
History
Code 1933, § 109A-4-407, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 1996, p. 1306, § 13.
Law reviews
For comment on Trust Co. of Columbus v. Refrigeration Supplies, Inc., 241 Ga. 406, 246 S.E.2d 282 (1978), discussing liability of collecting and payor banks for payment of check over missing endorsement of copayee, see 13 Ga. L. Rev. 677 (1979). For article surveying recent judicial developments in commercial law, see 31 Mercer L. Rev. 13 (1979).
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, páginas 535 a 536; acción de fusión: carried; SHA-256 del archivo ad397fccbf21.