28-4-201 Status of Collecting Bank as Agent and Provisional Status of Credits — Applicability of Chapter — Item Indorsed “Pay Any Bank.”
28-4-202 Responsibility for Collection or Return — When Action Timely
28-4-203 Effect of Instructions
28-4-204 Methods of Sending and Presenting — Sending Directly to Payor Bank
28-4-205 Depositary Bank Holder of Unindorsed Item
28-4-206 Transfer Between Banks
28-4-207 Transfer Warranties
28-4-208 Presentment Warranties
28-4-209 Encoding and Retention Warranties
28-4-210 Security Interest of Collecting Bank in Items, Accompanying Documents and Proceeds
28-4-211 When Bank Gives Value for Purposes of Holder in Due Course
28-4-212 Presentment by Notice of Item Not Payable By, Through or At a Bank — Liability of Drawer or Indorser
28-4-213 Medium and Time of Settlement by Bank
28-4-214 Right of Charge-Back or Refund — Liability of Collecting Bank — Return of Item
28-4-215 Final Payment of Item by Payor Bank — When Provisional Debits and Credits Become Final — When Certain Credits Become Available for Withdrawal
28-4-216 Insolvency and Preference

Terms Used In Idaho Code > Title 28 > Chapter 4 > Part 2 - Collection of Items — Depositary and Collecting Banks

  • Account: means any deposit or credit account with a bank, including a demand, time, savings, passbook, share draft, or like account, other than an account evidenced by a certificate of deposit;
Idaho Code 28-4-104
  • Allegation: something that someone says happened.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Banking day: means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions;
    • Idaho Code 28-4-104
  • Clearing house: means an association of banks or other payors regularly clearing items;
    • Idaho Code 28-4-104
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Customer: means any person having an account with a bank or for whom a bank has agreed to collect items, including a bank that maintains an account at another bank;
    • Idaho Code 28-4-104
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities (section 28-8-102) or instructions for uncertificated securities (section 28-8-102), or other certificates, statements, or the like are to be received by the drawee or other payor before acceptance or payment of the draft;
    • Idaho Code 28-4-104
  • Draft: means a draft as defined in section 28-3-104 or an item, other than an instrument, that is an order;
    • Idaho Code 28-4-104
  • Drawee: means a person ordered in a draft to make payment;
    • Idaho Code 28-4-104
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fraud: Intentional deception resulting in injury to another.
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Idaho Code 28-4-104
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • person: includes a corporation as well as a natural person;
    • Idaho Code 73-114
  • Property: includes both real and personal property. See Idaho Code 73-114
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.