§ 47-4-201 Status of collecting bank as agent and provisional status of credits – Applicability of chapter – Item endorsed “Pay Any Bank”
§ 47-4-202 Responsibility for collection or return – When action timely
§ 47-4-203 Effect of instructions
§ 47-4-204 Methods of sending and presenting – Sending directly to payor bank
§ 47-4-205 Depositary bank holder of unendorsed item
§ 47-4-206 Transfer between banks
§ 47-4-207 Transfer warranties
§ 47-4-208 Presentment warranties
§ 47-4-209 Encoding and retention warranties
§ 47-4-210 Security interest of collecting bank in items, accompanying documents and proceeds
§ 47-4-211 When bank gives value for purposes of holder in due course
§ 47-4-212 Presentment by notice of item not payable by, through, or at bank – Liability of drawer or endorser
§ 47-4-213 Medium and time of settlement by bank
§ 47-4-214 Right of charge-back or refund – Liability of collecting bank – Return of item
§ 47-4-215 Final payment of item by payor bank – When provisional debits and credits become final – When certain credits become available for withdrawal
§ 47-4-216 Insolvency and preference

Terms Used In Tennessee Code > Title 47 > 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. See Tennessee Code 47-4-104
  • 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, except that any day that is not a banking day for purposes of federal reserve regulations, Regulation CC (12 C. See Tennessee Code 47-4-104
  • Clearing house: means an association of banks or other payors regularly clearing items. See Tennessee Code 47-4-104
  • 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 Tennessee Code 47-4-104
  • 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 (§. See Tennessee Code 47-4-104
  • Draft: means a draft as defined in §. See Tennessee Code 47-4-104
  • Drawee: means a person ordered in a draft to make payments. See Tennessee Code 47-4-104
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Tennessee Code 47-4-104
  • 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, firm, company or association. See Tennessee Code 1-3-105
  • 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.
  • written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105