A. To the extent that items within this chapter are also within chapters 3 and 8 of this title, they are subject to those chapters. If there is conflict, this chapter governs chapter 3 of this title, but chapter 8 of this title governs this chapter.

Terms Used In Arizona Laws 47-4102

  • Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Arizona Laws 47-4104

B. The liability of a bank for action or non-action with respect to an item handled by it for purposes of presentment, payment or collection is governed by the law of the place where the bank is located. In the case of action or non-action by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located.

  Previous section
Next section  
 Article 1 Contents