Chapter

Part 5 — Collection of Documentary Drafts

Ark. Code Ann. § 4-4-101— Short title
Ark. Code Ann. § 4-4-102— Applicability
Ark. Code Ann. § 4-4-103— Variation by agreement — Measure of damages — Action constituting ordinary care
Ark. Code Ann. § 4-4-104— Definitions and index of definitions
Ark. Code Ann. § 4-4-105— Definitions of types of banks
Ark. Code Ann. § 4-4-106— Payable through or payable at bank — Collecting bank
Ark. Code Ann. § 4-4-107— Separate office of a bank
Ark. Code Ann. § 4-4-108— Time of receipt of items
Ark. Code Ann. § 4-4-109— Delays
Ark. Code Ann. § 4-4-110— Electronic presentment
Ark. Code Ann. § 4-4-111— Statute of limitations
Ark. Code Ann. § 4-4-201— Status of collecting bank as agent and provisional status of credits — Applicability of chapter — Item indorsed “Pay Any Bank”
Ark. Code Ann. § 4-4-202— Responsibility for collection or return — When action timely
Ark. Code Ann. § 4-4-203— Effect of instructions
Ark. Code Ann. § 4-4-204— Methods of sending and presenting — Sending directly to payor bank
Ark. Code Ann. § 4-4-205— Depositary bank holder of unindorsed item
Ark. Code Ann. § 4-4-206— Transfer between banks
Ark. Code Ann. § 4-4-207— Transfer warranties
Ark. Code Ann. § 4-4-208— Presentment warranties
Ark. Code Ann. § 4-4-209— Encoding and retention warranties
Ark. Code Ann. § 4-4-210— Security interest of collecting bank in items, accompanying documents, and proceeds
Ark. Code Ann. § 4-4-211— When bank gives value for purposes of holder in due course
Ark. Code Ann. § 4-4-212— Presentment by notice of item not payable by, through, or at bank — Liability of drawer or indorser
Ark. Code Ann. § 4-4-213— Medium and time of settlement by bank
Ark. Code Ann. § 4-4-214— Right of charge-back or refund — Liability of collecting bank — Return of item
Ark. Code Ann. § 4-4-215— Final payment of item by payor bank — When provisional debits and credits become final — When certain credits become available for withdrawal
Ark. Code Ann. § 4-4-216— Insolvency and preference
Ark. Code Ann. § 4-4-301— Deferred posting — Recovery of payment by return of items — Time of dishonor — Return of items by payor bank
Ark. Code Ann. § 4-4-302— Payor bank's responsibility for late return of item
Ark. Code Ann. § 4-4-303— When items subject to notice, stop-payment order, legal process, or setoff — Order in which items may be charged or certified
Ark. Code Ann. § 4-4-401— When bank may charge customer's account
Ark. Code Ann. § 4-4-402— Bank's liability to customer for wrongful dishonor — Time of determining insufficiency of account
Ark. Code Ann. § 4-4-403— Customer's right to stop payment — Burden of proof of loss
Ark. Code Ann. § 4-4-404— Bank not obliged to pay check more than six (6) months old
Ark. Code Ann. § 4-4-405— Death or incompetence of customer
Ark. Code Ann. § 4-4-406— Customer's duty to discover and report unauthorized signature or alteration — Comparative fault
Ark. Code Ann. § 4-4-407— Payor bank's right to subrogation on improper payment
Ark. Code Ann. § 4-4-501— Handling of documentary drafts — Duty to send for presentment and to notify customer of dishonor
Ark. Code Ann. § 4-4-502— Presentment of “on arrival” drafts
Ark. Code Ann. § 4-4-503— Responsibility of presenting bank for documents and goods — Report of reasons for dishonor — Referee in case of need
Ark. Code Ann. § 4-4-504— Privilege of presenting bank to deal with goods — Security interest for expenses