United States — Louisiana
RS 10:3-503
1 provisions
Notice of dishonor can be given by any person, but it must be given within the stated time limits for collecting banks and other instruments.
Act or statute Open & Chat
United States — Louisiana Statutes
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United States — Louisiana
RS 10:3-504
1 provisions
Presentment and notice of dishonor can be excused in specific situations.
Act or statute Open & ChatUnited States — Louisiana
RS 10:3-505
1 provisions
A protest for dishonor must identify the instrument and certify presentment (or why it was not made) and dishonor by nonacceptance or nonpayment.
Act or statute Open & ChatUnited States — Louisiana
RS 10:3-601
1 provisions
A party’s obligation to pay an instrument can be discharged under this Chapter or by an act or agreement that would discharge a money obligation under a simple contract.
Act or statute Open & ChatUnited States — Louisiana
RS 10:3-602
1 provisions
A payment on an instrument discharges the payer’s obligation only if it is made by or for the obligor to a person entitled to enforce the instrument, subject to stated exceptions.
Act or statute Open & ChatUnited States — Louisiana
RS 10:3-603
1 provisions
If payment is tendered to the person entitled to enforce an instrument, tender can discharge certain obligations, including interest after the due date, and refusal can discharge some recourse obligations.
Act or statute Open & ChatUnited States — Louisiana
RS 10:3-604
1 provisions
A person entitled to enforce an instrument may discharge a party’s payment obligation by certain acts or by signed renunciation.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-101
1 provisions
This section gives Chapter 4 the short title “Uniform Commercial Code -- Bank Deposits and Collections.”
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-102
1 provisions
This section says when Chapter 3 and Chapter 8 also apply, and which chapter controls if there is a conflict. It also says a bank’s liability for handling an item is governed by the law of the bank’s location, or the branch’s location if the action happened there.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-103
1 provisions
Parties may vary this Chapter by agreement, but they cannot disclaim a bank’s lack of good faith or failure to use ordinary care, or limit damages for that failure.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-104
1 provisions
This section defines terms used in Chapter 4, such as account, banking day, customer, item, draft, settle, and midnight deadline.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-105
1 provisions
This section defines several banking terms used in the chapter.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-106
1 provisions
This section says that a bank named as payable through or payable at is a collecting bank, and the item does not by itself let the bank pay it; payment presentation is only by or through that bank.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-107
1 provisions
A bank branch or separate office is treated as a separate bank for deciding timing and where actions, notices, or orders are to be handled under this chapter and Chapter 3.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-108
1 provisions
A bank may set an afternoon cutoff hour of 2:00 P.M. or later for handling money and items and making book entries.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-109
1 provisions
A collecting bank may, in good faith and unless otherwise instructed, extend certain time limits by up to two additional banking days; delays may also be excused in specified extraordinary circumstances if the bank uses required diligence.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-110
1 provisions
This section says electronic presentment may be done by sending a presentment notice instead of delivering the item itself.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-111
1 provisions
An action under this Chapter must be started within three years after the cause of action accrues.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-201
1 provisions
A collecting bank is generally the owner’s agent before a settlement becomes final, and settlements are provisional. For items marked “pay any bank,” only a bank may acquire holder rights until the item is returned to the customer or specially indorsed to a non-bank.
Act or statute Open & ChatUnited States — Louisiana
RS 10:4-202
1 provisions
A collecting bank must use ordinary care when handling items, notices, settlements, and transit losses, generally by acting before its midnight deadline.
Act or statute Open & Chat