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Statutes > Pennsylvania Statutes > Title 13 - COMMERCIAL CODE > Chapter 42 - Collection of Items: Depositary and Collecting Banks

Chapter 42 - Collection of Items: Depositary and Collecting Banks

  • Banks -
  • 4201 - Status of collecting bank as agent and provisional status of credits; applicability of division; item indorsed "pay any bank."
  • 4202 - Responsibility for collection or return; when action timely.
  • 4203 - Effect of instructions.
  • 4204 - Methods of sending and presenting; sending directly to payor bank.
  • 4205 - Depositary bank holder of unindorsed item.
  • 4206 - Transfer between banks.
  • 4207 - Transfer warranties.
  • 4208 - Presentment warranties.
  • 4209 - Encoding and retention warranties.
  • 4210 - Security interest of collecting bank in items, accompanying documents and proceeds.
  • 4211 - When bank gives value for purposes of holder in due course.
  • 4212 - Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser.
  • 4213 - Medium and time of settlement by bank.
  • 4214 - Right of charge-back or refund; liability of collecting bank; return of item.
  • 4215 - Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal.
  • 4216 - Insolvency and preference.




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