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Article

Article 4 Bank Deposits and Collections

  • KRS 355.4-101— Short title
  • KRS 355.4-102— Applicability
  • KRS 355.4-103— Variation by agreement -- Measure of damages -- Action constituting ordinary care
  • KRS 355.4-104— Definitions and index of definitions
  • KRS 355.4-105— "Depositary bank" -- "Payor bank" -- "Intermediary bank" -- "Collecting bank" -- "Presenting bank."
  • KRS 355.4-106— Payable through or payable at bank -- Collecting bank
  • KRS 355.4-107— Separate office of a bank
  • KRS 355.4-108— Time of receipt of items
  • KRS 355.4-109— Delays
  • KRS 355.4-110— Electronic presentment
  • KRS 355.4-111— Statute of limitations
  • KRS 355.4-201— Status of collecting bank as agent and provisional status of credits -- Applicability of article -- Item indorsed "pay any bank."
  • KRS 355.4-202— Responsibility for collection or return -- When action timely
  • KRS 355.4-203— Effect of instructions
  • KRS 355.4-204— Methods of sending and presenting -- Sending directly to payor bank
  • KRS 355.4-205— Depositary bank holder of unindorsed item
  • KRS 355.4-206— Transfer between banks
  • KRS 355.4-207— Transfer warranties
  • KRS 355.4-208— Presentment warranties
  • KRS 355.4-209— Encoding and retention warranties
  • KRS 355.4-210— Security interest of collecting bank in items, accompanying documents, and proceeds
  • KRS 355.4-211— When bank gives value for purposes of holder in due course
  • KRS 355.4-212— Presentment by notice of item not payable by, through, or at bank -- Liability of drawer or indorser
  • KRS 355.4-213— Medium and time of settlement by bank
  • KRS 355.4-214— Right of charge-back or refund -- Liability of collecting bank -- Return of item
  • KRS 355.4-215— Final payment of item by payor bank -- When provisional debits and credits become final -- When certain credits become available for withdrawal
  • KRS 355.4-216— Insolvency and preference
  • KRS 355.4-301— Deferred posting -- Recovery of payment by return of items -- Time of dishonor -- Return of items by payor bank
  • KRS 355.4-302— Payor bank's responsibility for late return of item
  • KRS 355.4-303— When items subject to notice, stop-payment order, legal process, or setoff -- Order in which items may be charged or certified
  • KRS 355.4-401— When bank may charge customer's account
  • KRS 355.4-402— Bank's liability to customer for wrongful dishonor -- Time of determining insufficiency of account
  • KRS 355.4-403— Customer's right to stop payment -- Burden of proof of loss
  • KRS 355.4-404— Bank not obligated to pay check more than six months old
  • KRS 355.4-405— Death or incompetence of customer
  • KRS 355.4-406— Customer's duty to discover and report unauthorized signature or alteration
  • KRS 355.4-407— Payor bank's right to subrogation on improper payment
  • KRS 355.4-501— Handling of documentary drafts -- Duty to send for presentment and to notify customer of dishonor
  • KRS 355.4-502— Presentment of "on arrival" drafts
  • KRS 355.4-503— Responsibility of presenting bank for documents and goods -- Report of reasons for dishonor -- Referee in case of need
  • KRS 355.4-504— Privilege of presenting bank to deal with goods -- Security interest for expenses