§ 6A-4-301 Deferred posting — Recovery of payment by return of items — Time of dishonor — Return of items by payor bank
§ 6A-4-302 Payor bank’s responsibility for late return of item
§ 6A-4-303 When items subject to notice, stop-payment order, legal process, or setoff — Order in which items may be charged or certified
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Terms Used In Rhode Island General Laws > Chapter 6A-4 > Part 3 - Collection of Items: Payor 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 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 (§ 6A-8-102) or instructions for uncertificated securities (§ 6A-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 § 6A-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 Rhode Island General Laws 6A-4-104

  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Department: means the department of environmental management of the state of Rhode Island. See Rhode Island General Laws 2-18.1-2
  • Director: means the director of environmental management of the state of Rhode Island, and his or her authorized agents. See Rhode Island General Laws 2-18.1-2
  • Nursery: means any grounds or premises on or in which nursery stock is propagated, grown, or cultivated, or from which nursery stock is collected for sale purposes. See Rhode Island General Laws 2-18.1-2
  • Nursery stock: means all hardy, deciduous and evergreen trees, shrubs, vines and other plants having a persistent woody stem, whether wild or cultivated, and plant parts, for and capable of propagation. See Rhode Island General Laws 2-18.1-2
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • 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.
  • United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8