28-4-301 Deferred Posting — Recovery of Payment by Return of Items — Time of Dishonor — Return of Items by Payor Bank
28-4-302 Payor Bank’S Responsibility for Late Return of Item
28-4-303 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 Idaho Code > Title 28 > Chapter 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;
Idaho Code 28-4-104
  • 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;
    • Idaho Code 28-4-104
  • Clearing house: means an association of banks or other payors regularly clearing items;
    • Idaho Code 28-4-104
  • Customer: means any 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;
    • Idaho Code 28-4-104
  • Documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities (section 28-8-102) or instructions for uncertificated securities (section 28-8-102), or other certificates, statements, or the like are to be received by the drawee or other payor before acceptance or payment of the draft;
    • Idaho Code 28-4-104
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Idaho Code 28-4-104
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • person: includes a corporation as well as a natural person;
    • Idaho Code 73-114
  • 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.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
  • Statute: A law passed by a legislature.