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2017 Revised Code of Washington
Title 62A - UNIFORM COMMERCIAL CODE
62A.4 Bank deposits and collections.
PART 1GENERAL PROVISIONS AND DEFINITIONS
- 62A.4-101 Short title.
- 62A.4-102 Applicability.
- 62A.4-103 Variation by agreement; measure of damages; action constituting ordinary care.
- 62A.4-104 Definitions and index of definitions.
- 62A.4-105 "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank".
- 62A.4-106 Payable through or payable at bank; collecting bank.
- 62A.4-107 Separate office of a bank.
- 62A.4-108 Time of receipt of items.
- 62A.4-109 Delays.
- 62A.4-110 Electronic presentment.
- 62A.4-111 Statute of limitations.
- 62A.4-201 Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed "pay any bank".
- 62A.4-202 Responsibility for collection or return; when action timely.
- 62A.4-203 Effect of instructions.
- 62A.4-204 Methods of sending and presenting; sending directly to payor bank.
- 62A.4-205 Depositary bank holder of unindorsed item.
- 62A.4-206 Transfer between banks.
- 62A.4-207 Transfer warranties.
- 62A.4-208 Presentment warranties.
- 62A.4-209 Encoding and retention warranties.
- 62A.4-210 Security interest of collecting bank in items, accompanying documents and proceeds.
- 62A.4-211 When bank gives value for purposes of holder in due course.
- 62A.4-212 Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser.
- 62A.4-213 Medium and time of settlement by bank.
- 62A.4-214 Right of charge-back or refund; liability of collecting bank; return of item.
- 62A.4-215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
- 62A.4-216 Insolvency and preference.
- 62A.4-301 Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank.
- 62A.4-302 Payor bank's responsibility for late return of item.
- 62A.4-303 When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified.
- 62A.4-401 When bank may charge customer's account.
- 62A.4-402 Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account.
- 62A.4-403 Customer's right to stop payment; burden of proof of loss.
- 62A.4-404 Bank not obligated to pay check more than six months old.
- 62A.4-405 Death or incompetence of customer.
- 62A.4-406 Customer's duty to discover and report unauthorized signature or alteration.
- 62A.4-407 Payor bank's right to subrogation on improper payment.
- 62A.4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
- 62A.4-502 Presentment of "on arrival" drafts.
- 62A.4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
- 62A.4-504 Privilege of presenting bank to deal with goods; security interest for expenses.
NOTES:
PART 2
COLLECTION OF ITEMS: DEPOSITORY
AND COLLECTING BANKS
PART 3
COLLECTION OF ITEMS: PAYOR BANKS
PART 4
RELATIONSHIP BETWEEN PAYOR BANK
AND ITS CUSTOMER
PART 5
COLLECTION OF DOCUMENTARY DRAFTS
Reviser's note: Powers, duties, and functions of the department of general administration relating to financial institutions were transferred to the department of financial institutions by 1993 c 472, effective October 1, 1993. See RCW 43.320.011. The department of general administration was renamed the department of enterprise services by 2011 1st sp.s. c 43 ยง 107.
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