§ 25-4-101 Short title
§ 25-4-102 Applicability
§ 25-4-103 Variation by agreement; measure of damages; action constituting ordinary care
§ 25-4-104 Definitions and index of definitions
§ 25-4-105 “Bank”; “depositary bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank”
§ 25-4-105.1 Payable through or payable at bank; collecting bank
§ 25-4-106 Separate office of a bank
§ 25-4-107 Time of receipt of items
§ 25-4-108 Delays
§ 25-4-110 Electronic presentment
§ 25-4-111 Statute of limitations
§ 25-4-201 Status of collecting bank as agent and provisional status of credits; applicability of Article; item indorsed “pay any bank”
§ 25-4-202 Responsibility for collection or return; when action timely
§ 25-4-203 Effect of instructions
§ 25-4-204 Methods of sending and presenting; sending directly to payor
§ 25-4-205 Depositary bank holder of unindorsed item
§ 25-4-206 Transfer between banks
§ 25-4-207 Transfer warranties
§ 25-4-207.1 Presentment warranties
§ 25-4-207.2 Encoding and retention warranties
§ 25-4-208 Security interest of collecting bank in items, accompanying documents and proceeds
§ 25-4-209 When bank gives value for purposes of holder in due course
§ 25-4-210 Presentment by notice of item not payable by, through, or at a bank; liability of drawer or indorser
§ 25-4-211 Medium and time of settlement by bank
§ 25-4-212 Right of charge-back or refund; liability of collecting bank; return of item
§ 25-4-213 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
§ 25-4-214 Insolvency and preference
§ 25-4-301 Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
§ 25-4-302 Payor bank’s responsibility for late return of item
§ 25-4-303 When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified
§ 25-4-401 When bank may charge customer’s account
§ 25-4-402 Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account
§ 25-4-403 Customer’s right to stop payment; burden of proof of loss
§ 25-4-404 Bank not obligated to pay check more than six months old
§ 25-4-405 Death or incompetence of customer
§ 25-4-406 Customer’s duty to discover and report unauthorized signature or alteration
§ 25-4-407 Payor bank’s right to subrogation on improper payment
§ 25-4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 25-4-502 Presentment of “on arrival” drafts
§ 25-4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 25-4-504 Privilege of presenting bank to deal with goods; security interest for expenses

Terms Used In North Carolina General Statutes > Chapter 25 > Article 4 - Bank Deposits and Collections

  • 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. See North Carolina General Statutes 25-4-104
  • Afternoon: means the period of a day between noon and midnight. See North Carolina General Statutes 25-4-104
  • Arrest: Taking physical custody of a person by lawful authority.
  • 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. See North Carolina General Statutes 25-4-104
  • Clearing house: means an association of banks or other payors regularly clearing items. See North Carolina General Statutes 25-4-104
  • Continuance: Putting off of a hearing ot trial until a later time.
  • 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. See North Carolina General Statutes 25-4-104
  • 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 (N. See North Carolina General Statutes 25-4-104
  • Draft: means a draft as defined in N. See North Carolina General Statutes 25-4-104
  • Drawee: means a person ordered in a draft to make payment. See North Carolina General Statutes 25-4-104
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • in writing: may be construed to include printing, engraving, lithographing, and any other mode of representing words and letters: Provided, that in all cases where a written signature is required by law, the same shall be in a proper handwriting, or in a proper mark. See North Carolina General Statutes 12-3
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See North Carolina General Statutes 25-4-104
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • 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.
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC