§ 4201 (a) Unless a contrary intent clearly appears and before the time …
§ 4202 (a) A collecting bank shall exercise ordinary care in all of the …
§ 4203 Subject to Division 3 (commencing with Section 3101) concerning …
§ 4204 (a) A collecting bank shall send items by reasonably prompt …
§ 4205 If a customer delivers an item to a depositary bank for collection …
§ 4206 Any agreed method that identifies the transferor bank is sufficient …
§ 4207 (a) A customer or collecting bank that transfers an item and …
§ 4208 (a) If an unaccepted draft is presented to the drawee for …
§ 4209 (a) A person who encodes information on or with respect to an …
§ 4210 (a) A collecting bank has a security interest in an item and any …
§ 4211 For purposes of determining its status as a holder in due course, a …
§ 4212 (a) Unless otherwise instructed, a collecting bank may present …
§ 4213 (a) With respect to settlement by a bank, the medium and time of …
§ 4214 (a) If a collecting bank has made provisional settlement with …
§ 4215 (a) An item is finally paid by a payor bank when the bank has …
§ 4216 (a) If an item is in or comes into the possession of a payor or …
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Terms Used In California Codes > Commercial Code > Division 4 > Chapter 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 California Commercial Code 4104
  • agreement: means the total legal obligation that results from the parties' agreement as determined by this code and as supplemented by any other applicable laws. See California Commercial Code 1201
  • Bank: means a person engaged in the business of banking, and includes a savings bank, savings and loan association, credit union, and trust company. See California Commercial Code 1201
  • 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 California Commercial Code 4104
  • board: means the Board of Vocational Nursing and Psychiatric Technicians of the State of California. See California Business and Professions Code 2841
  • Continuance: Putting off of a hearing ot trial until a later time.
  • County: includes city and county. See California Business and Professions Code 17
  • 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 California Commercial Code 4104
  • Department: means the Department of Food and Agriculture. See California Food and Agricultural Code 32
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • Documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities (Section 8102) or instructions for uncertificated securities (Section 8102), or other certificates, statements, or the like are to be received by the drawee or other payor before acceptance or payment of the draft. See California Commercial Code 4104
  • Draft: means a draft as defined in Section 3104 or an item, other than an instrument, that is an order. See California Commercial Code 4104
  • Drawee: means a person ordered in a draft to make payment. See California Commercial Code 4104
  • Electronic: means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. See California Commercial Code 1201
  • Holder: means :

    California Commercial Code 1201

  • Insolvency proceeding: includes an assignment for the benefit of creditors or other proceeding intended to liquidate or rehabilitate the estate of the person involved. See California Commercial Code 1201
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See California Commercial Code 4104
  • license: means license, certificate, registration, or other means to engage in a business or profession regulated by this code or referred to in Section 1000 or 3600. See California Business and Professions Code 23.7
  • Money: means a medium of exchange that is currently authorized or adopted by a domestic or foreign government. See California Commercial Code 1201
  • Person: means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, government, governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. See California Commercial Code 1201
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Right: includes remedy. See California Commercial Code 1201
  • Security interest: includes any interest of a consignor and a buyer of accounts, chattel paper, a payment intangible, or a promissory note in a transaction that is subject to Division 9 (commencing with Section 9101). See California Commercial Code 1201