§ 810 ILCS 5/4-201 Status of collecting bank as agent and provisional status of credits; …
§ 810 ILCS 5/4-202 Responsibility for collection or return; when action timely
§ 810 ILCS 5/4-203 Effect of instructions
§ 810 ILCS 5/4-204 Methods of sending and presenting; sending directly to payor bank
§ 810 ILCS 5/4-205 Depositary bank holder of unindorsed item
§ 810 ILCS 5/4-206 Transfer between banks
§ 810 ILCS 5/4-207 Transfer warranties
§ 810 ILCS 5/4-208 Presentment warranties
§ 810 ILCS 5/4-209 Encoding and retention warranties
§ 810 ILCS 5/4-210 Security interest of collecting bank in items, accompanying documents and proceeds
§ 810 ILCS 5/4-211 When bank gives value for purposes of holder in due course
§ 810 ILCS 5/4-212 Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser
§ 810 ILCS 5/4-213 Medium and time of settlement by bank
§ 810 ILCS 5/4-214 Right of charge-back or refund; liability of collecting bank; return of item
§ 810 ILCS 5/4-215 Final payment of item by payor bank; when provisional debits and …
§ 810 ILCS 5/4-216 Insolvency and preference
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Terms Used In Illinois Compiled Statutes > 810 ILCS 5 > Article 4 > Part 2 - Collection Of Items: Depositary And Collecting Banks

  • Continuance: Putting off of a hearing ot trial until a later time.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • 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 different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.