Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“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.”
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02
How the instrument operates
- 01
Start with the recorded version
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- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
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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.
Section 10:4-204
04
Source and current-law status
Source record view
Source record from legis.la.gov · Undated source snapshot
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