§ 47-4-301. Deferred Posting — Recovery of Payment by Return of Items — Time of Dishonor — Return of Items by Payor Bank

If a payor bank settles for a demand item other than a documentary draft presented otherwise than for immediate payment over the counter before midnight of the banking day of receipt, the payor bank may revoke the settlement and recover the settlement if, before it has made final payment and before its midnight deadline, it: […]

§ 47-4-302. Payor Bank’s Responsibility for Late Return of Item

If an item is presented to and received by a payor bank, the bank is accountable for the amount of: a demand item, other than a documentary draft, whether properly payable or not, if the bank, in any case in which it is not also the depositary bank, retains the item beyond midnight (12:00 midnight) […]

§ 47-4-303. When Items Subject to Notice, Stop-Payment Order, Legal Process, or Setoff — Order in Which Items May Be Charged or Certified

Any knowledge, notice, or stop-payment order received by, legal process served upon, or setoff exercised by a payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or to charge its customer’s account for the item if the knowledge, notice, stop-payment order, or legal process is […]