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Statutes > Maryland Statutes > COMMERCIAL LAW > TITLE 4 - BANK DEPOSITS AND COLLECTIONS > Subtitle 2 - Collection of Items: Depositary and Collecting Banks

Subtitle 2 - Collection of Items: Depositary and Collecting Banks

  • Section 4-201 - Status of collecting bank as agent and provisional status of credits; applicability of title; item indorsed "pay any bank".
  • Section 4-202 - Responsibility for collection or return; when action timely.
  • Section 4-203 - Effect of instructions.
  • Section 4-204 - Methods of sending and presenting; sending directly to payor bank.
  • Section 4-205 - Depositary bank holder of unindorsed item.
  • Section 4-206 - Transfer between banks.
  • Section 4-207 - Transfer warranties.
  • Section 4-208 - Presentment warranties.
  • Section 4-209 - Encoding and retention warranties.
  • Section 4-210 - Security interest of collecting bank in items, accompanying documents, and proceeds.
  • Section 4-211 - When bank gives value for purposes of holder in due course.
  • Section 4-212 - Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser.
  • Section 4-213 - Medium and time of settlement by bank.
  • Section 4-214 - Right of charge-back or refund; liability of collecting bank; return of item.
  • Section 4-215 - Final payment of item by payor bank; when provisional debits and credits become available for withdrawal.
  • Section 4-216 - Insolvency and preference.




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