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2021 Wisconsin Statutes & Annotations
Chapter 404 - Uniform commercial code — bank deposits and collections.
SUBCHAPTER I
GENERAL PROVISIONS AND DEFINITIONS
COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS
COLLECTION OF ITEMS: PAYER BANKS
RELATIONSHIP BETWEEN PAYER BANK AND ITS CUSTOMER
COLLECTION OF DOCUMENTARY DRAFTS
GENERAL PROVISIONS AND DEFINITIONS
- 404.102 - Applicability.
- 404.103 - Variation by agreement; measure of damages; action constituting ordinary care.
- 404.104 - Definitions and index of definitions.
- 404.105 - “ Bank"; “collecting bank"; “depository bank"; “intermediary bank"; “payer bank"; “presenting bank".
- 404.106 - Payable through or payable at bank; collecting bank.
- 404.107 - Separate office of a bank.
- 404.108 - Time of receipt of items.
- 404.109 - Delays.
- 404.110 - Electronic presentment.
- 404.111 - Statute of limitations.
COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS
- 404.201 - Status of collecting bank as agent and provisional status of credits; applicability of chapter; item endorsed “pay any bank".
- 404.202 - Responsibility for collection or return; when action timely.
- 404.203 - Effect of instructions.
- 404.204 - Methods of sending and presenting; sending directly to payer bank.
- 404.205 - Depositary bank holder of unendorsed item.
- 404.206 - Transfer between banks.
- 404.207 - Transfer warranties.
- 404.208 - Presentment warranties.
- 404.209 - Encoding and retention warranties.
- 404.210 - Security interest of collecting bank in items, accompanying documents and proceeds.
- 404.211 - When bank gives value for purposes of holder in due course.
- 404.212 - Presentment by notice of item not payable by, through or at a bank; liability of drawer or endorser.
- 404.213 - Medium and time of settlement by bank.
- 404.214 - Right of charge-back or refund; liability of collecting bank; return of item.
- 404.215 - Final payment of item by payer bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
- 404.216 - Insolvency and preference.
COLLECTION OF ITEMS: PAYER BANKS
- 404.301 - Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payer bank.
- 404.302 - Payer bank's responsibility for late return of item.
- 404.303 - When items subject to notice, stop-payment order, legal process or setoff; order in which items may be charged or certified.
RELATIONSHIP BETWEEN PAYER BANK AND ITS CUSTOMER
- 404.401 - When bank may charge customer's account.
- 404.402 - Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account.
- 404.403 - Customer's right to stop payment; burden of proof of loss.
- 404.404 - Bank not obligated to pay check more than 6 months old.
- 404.405 - Death or incompetence of customer.
- 404.406 - Customer's duty to discover and report unauthorized signature or alteration.
- 404.407 - Payer bank's right to subrogation on improper payment.
COLLECTION OF DOCUMENTARY DRAFTS
- 404.501 - Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor.
- 404.502 - Presentment of “on arrival" drafts.
- 404.503 - Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need.
- 404.504 - Privilege of presenting bank to deal with goods; security interest for expenses.
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