§ 12A:4-101 Short title
§ 12A:4-102 Applicability
§ 12A:4-103 Variation by agreement; measure of damages; action constituting ordinary care
§ 12A:4-104 Definitions and index of definitions
§ 12A:4-105 “Bank”; “depositary bank”; “payor bank”; “intermediary bank”; “collecting bank”; “presenting bank”
§ 12A:4-106 Payable through or payable at bank; collecting bank
§ 12A:4-107 Separate office of bank
§ 12A:4-108 Time of receipt of items
§ 12A:4-109 Delays
§ 12A:4-110 Electronic presentment
§ 12A:4-111 Statute of limitations
§ 12A:4-201 Status of collecting bank as agent and provisional status of credits; applicability of chapter; item indorsed “pay any bank”
§ 12A:4-202 Responsibility for collection or return; when action is timely
§ 12A:4-203 Effect of instructions
§ 12A:4-204 Methods of sending and presenting; sending directly to payor bank
§ 12A:4-205 Depositary bank holder of unindorsed item
§ 12A:4-206 Transfer between banks
§ 12A:4-207 Transfer warranties
§ 12A:4-208 Presentment warranties
§ 12A:4-209 Encoding and retention warranties
§ 12A:4-210 Security interest of collecting bank in items, accompanying documents and proceeds
§ 12A:4-211 When bank gives value for purposes of holder in due course
§ 12A:4-212 Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser
§ 12A:4-213 Medium and time of settlement by bank
§ 12A:4-214 Right of charge-back or refund; liability of collecting bank; return of item
§ 12A:4-215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
§ 12A:4-216 Insolvency and preference
§ 12A:4-301 Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
§ 12A:4-302 Payor bank’s responsibility for late return of item
§ 12A:4-303 When items are subject to notice, stop-payment order, legal process, or setoff; order in which items may be charged or certified
§ 12A:4-401 When bank may charge customer’s account
§ 12A:4-402 Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account
§ 12A:4-403 Customer’s right to stop payment; burden of proof of loss
§ 12A:4-404 Bank not obliged to pay check more than six months old
§ 12A:4-405 Death or incompetence of customer
§ 12A:4-406 Customer’s duty to discover and report unauthorized signature or alteration
§ 12A:4-407 Payor bank’s right to subrogation on improper payment
§ 12A:4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 12A:4-502 Presentment of “on arrival” drafts
§ 12A:4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 12A:4-504 Privilege of presenting bank to deal with goods; security interest for expenses
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Terms Used In New Jersey Statutes > Title 12A > Chapter 4 - Uniform Commercial Code -- Bank Deposits and Collections

  • 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 New Jersey Statutes 12A:4-104
  • Afternoon: means the period of a day between noon and midnight. See New Jersey Statutes 12A:4-104
  • Arrest: Taking physical custody of a person by lawful authority.
  • Bank: means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company. See New Jersey Statutes 12A:4-105
  • 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 New Jersey Statutes 12A:4-104
  • Clearing house: means an association of banks or other payors regularly clearing items. See New Jersey Statutes 12A:4-104
  • Collecting bank: means a bank handling an item for collection except the payor bank. See New Jersey Statutes 12A:4-105
  • Continuance: Putting off of a hearing ot trial until a later time.
  • 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 New Jersey Statutes 12A:4-104
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Depositary bank: means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter. See New Jersey Statutes 12A:4-105
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities (12A:8-102) or instructions for uncertificated securities (12A: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. See New Jersey Statutes 12A:4-104
  • Draft: means a draft as defined in 12A:3-104 or an item, other than an instrument, that is an order. See New Jersey Statutes 12A:4-104
  • Drawee: means a person ordered in a draft to make payment. See New Jersey Statutes 12A:4-104
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See New Jersey Statutes 12A:4-104
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Payor bank: means a bank that is the drawee of a draft. See New Jersey Statutes 12A:4-105
  • person: includes corporations, companies, associations, societies, firms, partnerships and joint stock companies as well as individuals, unless restricted by the context to an individual as distinguished from a corporate entity or specifically restricted to one or some of the above enumerated synonyms and, when used to designate the owner of property which may be the subject of an offense, includes this State, the United States, any other State of the United States as defined infra and any foreign country or government lawfully owning or possessing property within this State. See New Jersey Statutes 1:1-2
  • Presenting bank: means a bank presenting an item except a payor bank. See New Jersey Statutes 12A:4-105
  • 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.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC