2021 Code of Alabama
Title 7 - Commercial Code.
Article 4 - Bank Deposits and Collections.
Part 2 - Collection of Items: Depositary and Collecting Banks.
- Section 7-4-201 - Status of Collecting Bank as Agent and Provisional Status of Credits, Applicability of Article; Item Indorsed "Pay Any bank."
- Section 7-4-202 - Responsibility for Collection or Return; When Action Timely.
- Section 7-4-203 - Effect of Instructions.
- Section 7-4-204 - Methods of Sending and Presenting; Sending Directly to Payor Bank.
- Section 7-4-205 - Depositary Bank Holder of Unindorsed Item.
- Section 7-4-206 - Transfer Between Banks.
- Section 7-4-208 - Presentment Warranties.
- Section 7-4-207 - Transfer Warranties.
- Section 7-4-209 - Encoding and Retention Warranties.
- Section 7-4-210 - Security Interest of Collecting Bank in Items, Accompanying Documents, and Proceeds.
- Section 7-4-211 - When Bank Gives Value for Purposes of Holder in Due Course.
- Section 7-4-212 - Presentment by Notice of Item Not Payable By, Through, or at Bank; Liability of Drawer or Indorser.
- Section 7-4-213 - Medium and Time of Settlement by Bank.
- Section 7-4-214 - Right of Charge-Back or Refund; Liability of Collecting Bank; Return of Item.
- Section 7-4-215 - Final Payment of Item by Payor Bank; When Provisional Debits and Credits Become Final; When Certain Credits Become Available for Withdrawal.
- Section 7-4-216 - Insolvency and Preference.
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