Tennessee Code 47-4-402 – Bank’s liability to customer for wrongful dishonor – Time of determining insufficiency of account
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 47-4-402
- 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
- Arrest: Taking physical custody of a person by lawful authority.
- 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.
- 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