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46,252 statutes · page 7 of 2,313
United States — Louisiana
1 provisions
Only a collecting bank’s transferor may give instructions that affect the bank or count as notice to it, and the bank is not liable for actions taken under those instructions or under an agreement with the transferor.
United States — Louisiana
1 provisions
A collecting bank must send items by a reasonably prompt method, and it may send items directly to the payor bank or to a nonbank payor in the stated cases.
United States — Louisiana
1 provisions
A depositary bank becomes the holder of an item when it receives it for collection if the customer was already a holder, even if the item is not indorsed.
United States — Louisiana
1 provisions
An agreed method that identifies the transferor bank is enough for further transfer of an item to another bank.
United States — Louisiana
1 provisions
This section gives transfer warranties for items, requires a transferor to pay on dishonor, limits disclaimer, and sets notice and recovery rules for breach claims.
United States — Louisiana
1 provisions
This section says who gives warranties when a draft or item is paid, what those warranties cover, and when the payer can recover losses from the warrantor.
United States — Louisiana
1 provisions
A person who encodes an item after issue, or who agrees to retain an item for electronic presentment, warrants specified accuracy or compliance to later banks and payors.
United States — Louisiana
1 provisions
A collecting bank gets a security interest in deposited items, related documents, and proceeds under specified credit or advance conditions.
United States — Louisiana
1 provisions
A bank is treated as having given value, for holder-in-due-course purposes, to the extent it has a security interest in an item, if it otherwise meets R.S. 10:3-302.
United States — Louisiana
1 provisions
A collecting bank may give written notice instead of direct presentment for certain items, but it must send the notice on time and satisfy any required response deadline.
United States — Louisiana
1 provisions
This section sets rules for how and when a bank settlement happens.
United States — Louisiana
1 provisions
A collecting bank may charge back or seek a refund for a item if provisional settlement fails and the item is not finally settled, but delay can make the bank liable for losses.
United States — Louisiana
1 provisions
Rules for when a bank item is finally paid and when funds become available for withdrawal.
United States — Louisiana
1 provisions
If a bank has suspended payments, certain items must be returned, and the item’s owner may have a preferred claim in some settlement situations.
United States — Louisiana
1 provisions
A payor bank may revoke settlement and recover payment on certain demand items if it returns the item or sends notice within the stated deadline.
United States — Louisiana
1 provisions
A payor bank can be liable for the amount of certain items if it returns or settles them too late.
United States — Louisiana
1 provisions
A payor bank may still accept, pay, certify, or charge items in any order, but late notice, stop-payment orders, legal process, or setoff cannot change the bank’s right or duty to pay or charge once the listed timing point has passed.
United States — Louisiana
1 provisions
A bank may charge a customer’s account for properly payable items, including certain overdrafts and some checks paid before their date, subject to notice of postdating and good-faith rules for altered or completed items.
United States — Louisiana
1 provisions
A payor bank may dishonor an item that would overdraw the account unless it agreed to cover the overdraft, and it is liable to the customer for damages caused by wrongful dishonor.
United States — Louisiana
1 provisions
Customers, or authorized signers in some cases, may stop payment on an item or close the account by giving the bank a reasonably certain order; the customer bears the burden of proving loss from a wrongful payment.