§ 4-201 Status of collecting bank as agent and provisional status of credits; applicability of title; item indorsed “pay any bank”
§ 4-202 Responsibility for collection or return; when action timely
§ 4-203 Effect of instructions
§ 4-204 Methods of sending and presenting; sending directly to payor bank
§ 4-205 Depositary bank holder of unindorsed item
§ 4-206 Transfer between banks
§ 4-207 Transfer warranties
§ 4-208 Presentment warranties
§ 4-209 Encoding and retention warranties
§ 4-210 Security interest of collecting bank in items, accompanying documents, and proceeds
§ 4-211 When bank gives value for purposes of holder in due course
§ 4-212 Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser
§ 4-213 Medium and time of settlement by bank
§ 4-214 Right of charge-back or refund; liability of collecting bank; return of item
§ 4-215 Final payment of item by payor bank; when provisional debits and credits become available for withdrawal
§ 4-216 Insolvency and preference

Terms Used In Maryland Code > COMMERCIAL LAW > Title 4 > Subtitle 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;

    (2) "Afternoon" means the period of a day between noon and midnight;

    (3) "Banking day" means the part of a day, excluding Saturday, Sunday, or a legal holiday, on which a bank is open to the public for carrying on substantially all of its banking functions;

    (4) "Clearing house" means an association of banks or other payors regularly clearing items;

    (5) "Customer" means a 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;

    (6) "Documentary draft" means a draft to be presented for acceptance or payment if specified documents, certificated securities (§ 8-102) or instructions for uncertificated securities (§ 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;

    (7) "Draft" means a draft as defined in § 3-104 or an item, other than an instrument, that is an order;

    (8) "Drawee" means a person ordered in a draft to make payment;

    (9) "Item" means an instrument or a promise or order to pay money handled by a bank for collection or payment. See
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Circumstantial evidence: All evidence except eyewitness testimony.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Conviction: A judgement of guilt against a criminal defendant.
  • County: means a county of the State or Baltimore City. See
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • 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.
  • including: means includes or including by way of illustration and not by way of limitation. See
  • 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.
  • minor: means an individual under the age of 18 years. See
  • 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 an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • 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: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
  • Statute: A law passed by a legislature.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trustee: A person or institution holding and administering property in trust.