Connecticut General Statutes|Article 4 - Bank Deposits and Collections

Sec. 42a-4-101. Short title: Uniform Commercial Code–Bank Deposits and Collections.

Sec. 42a-4-102. Applicability.

Sec. 42a-4-103. Variation by agreement. Measure of damages. Action constituting ordinary care.

Sec. 42a-4-104. Definitions and index of definitions.

Sec. 42a-4-105. “Bank”. “Depositary bank”. “Payor bank”. “Intermediary bank”. “Collecting bank”. “Presenting bank”.

Sec. 42a-4-106. Payable through or payable at bank. Collecting bank.

Sec. 42a-4-107. Separate office of bank.

Sec. 42a-4-108. Time of receipt of items.

Sec. 42a-4-109. Delays.

Sec. 42a-4-110. Electronic presentment.

Sec. 42a-4-111. Statute of limitations.

Sec. 42a-4-201. Status of collecting bank as agent and provisional status of credits. Applicability of article. Item endorsed “pay any bank”.

Sec. 42a-4-202. Responsibility for collection or return. When action timely.

Sec. 42a-4-203. Effect of instructions.

Sec. 42a-4-204. Methods of sending and presenting. Sending directly to payor bank.

Sec. 42a-4-205. Depositary bank holder of unendorsed item.

Sec. 42a-4-206. Transfer between banks.

Sec. 42a-4-207. Transfer warranties.

Sec. 42a-4-208. Presentment warranties.

Sec. 42a-4-209. Encoding and retention warranties.

Sec. 42a-4-210. Security interest of collecting bank in items, accompanying documents and proceeds.

Sec. 42a-4-211. When bank gives value for purposes of holder in due course.

Sec. 42a-4-212. Presentment by notice of item not payable by, through or at bank. Liability of drawer or endorser.

Sec. 42a-4-213. Medium and time of settlement by bank.

Sec. 42a-4-214. Right of charge-back or refund. Liability of collecting bank. Return of item.

Sec. 42a-4-215. Final payment of item by payor bank. When provisional debits and credits become final. When certain credits become available for withdrawal.

Sec. 42a-4-216. Insolvency and preference.

Sec. 42a-4-301. Deferred posting. Recovery of payment by return of items. Time of dishonor. Return of items by payor bank.

Sec. 42a-4-302. Payor bank's responsibility for late return of item.

Sec. 42a-4-303. When items subject to notice, stop-payment order, legal process or set-off. Order in which items may be charged or certified.

Sec. 42a-4-401. When bank may charge customer's account.

Sec. 42a-4-402. Bank's liability to customer for wrongful dishonor. Time of determining insufficiency of account.

Sec. 42a-4-403. Customer's right to stop payment. Burden of proof of loss.

Sec. 42a-4-404. Bank not obligated to pay check more than six months old.

Sec. 42a-4-405. Death or incompetence of customer.

Sec. 42a-4-406. Customer's duty to discover and report unauthorized signature or alteration.

Sec. 42a-4-407. Payor bank's right to subrogation on improper payment.

Sec. 42a-4-501. Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.

Sec. 42a-4-502. Presentment of “on arrival” drafts.

Sec. 42a-4-503. Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.

Sec. 42a-4-504. Privilege of presenting bank to deal with goods; security interest for expenses.

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