§ 8.4-103. Variation by agreement; measure of damages; action constituting ordinary care
(a) The effect of the provisions of this title may be varied by agreement but the parties to the agreement cannot disclaim a bank’s responsibility for its lack of good faith or failure to exercise ordinary care or limit the measure of damages for the lack or failure. However, the parties may determine by agreement […]
§ 8.4-104. Definitions and index of definitions
(a) In this title, unless the context otherwise requires: (1) “Account” means any deposit or credit account with a bank including demand, time savings passbook, share draft, or like account, other than an account evidenced by a certificate of deposit; (2) “Afternoon” means the period of a day between noon and midnight; (3) “Banking day” […]
§ 8.4-105. “Bank”; “depositary bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank.”
In this title: (1) “Bank” means a person engaged in the business of banking, including a savings institution, credit union or trust company; (2) “Depositary bank” means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter; (3) “Payor […]
§ 8.4-105.1. Payable through or payable at bank; collecting bank
(a) If an item states that it is “payable through” a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through the bank. (b) If […]
§ 8.4-101. Short title
This title may be cited as Uniform Commercial Code — Bank Deposits and Collections. 1964, c. 219; 1992, c. 693.