§ 1304.01 Definitions – UCC 4-104, 4-105
§ 1304.02 Applicability – UCC 4-102
§ 1304.03 Variation by agreement – measure of damages – action constituting ordinary care – UCC 4-103
§ 1304.04 Separate office of bank – UCC 4-107
§ 1304.05 Payable through or payable at bank – UCC 4-106
§ 1304.06 Time of receipt of items – UCC 4-108
§ 1304.07 Delays – UCC 4-109
§ 1304.08 Electronic presentment – UCC 4-110
§ 1304.09 Statute of limitations – UCC 4-111
§ 1304.11 Status of collecting bank as agent and provisional status of credits – applicability of article – item indorsed pay any bank – UCC 4-201
§ 1304.12 Responsibility for collection or return – when action timely – UCC 4-202
§ 1304.13 Effect of instructions – UCC 4-203
§ 1304.14 Methods of sending and presenting – sending directly to payor bank – UCC 4-204
§ 1304.15 Depositary bank holder of unindorsed item – UCC 4-205
§ 1304.16 Transfer between banks – UCC 4-206
§ 1304.17 Transfer warranties – UCC 4-207
§ 1304.18 Presentment warranties – UCC 4-208
§ 1304.19 Encoding and retention warranties – UCC 4-209
§ 1304.20 Security interest of collecting bank in items, accompanying documents and proceeds – UCC 4-210
§ 1304.21 When bank gives value for purposes of holder in due course – UCC 4-211
§ 1304.22 Presentment by notice of item not payable by, through, or at bank – liability of drawer or indorser – UCC 4-212
§ 1304.23 Medium and time of settlement by bank – UCC 4-213
§ 1304.24 Right of charge-back or refund – liability of collecting bank – return of item – UCC 4-214
§ 1304.25 Final payment of item by payor bank – when provisional debits and credits become final – when certain credits become available for withdrawal – UCC 4-215
§ 1304.26 Insolvency and preference – UCC 4-216
§ 1304.27 Deferred posting – recovery of payment by return of items – time of dishonor – return of items by payor bank – UCC 4-301
§ 1304.28 Payor bank’s responsibility for late return of item – UCC 4-302
§ 1304.29 When items subject to notice, stop-payment order, legal process or setoff – order in which items may be charged or certified – UCC 4-303
§ 1304.30 When bank may charge customer’s account – UCC 4-401
§ 1304.31 Bank’s liability to customer for wrongful dishonor – time of determining insufficiency of account – UCC 4-402
§ 1304.32 Customer’s right to stop payment – burden of proof of loss – UCC 4-403
§ 1304.33 Bank not obliged to pay check more than six months old – UCC 4-404
§ 1304.34 Death or incompetence of customer – UCC 4-405
§ 1304.35 Customer’s duty to discover and report unauthorized signature or alteration – UCC 4-406
§ 1304.36 Payor bank’s right to subrogation on improper payment – UCC 4-407
§ 1304.37 Handling of documentary drafts – duty to send for presentment and to notify customer of dishonor – UCC 4-501
§ 1304.38 Presentment of on arrival drafts – UCC 4-502
§ 1304.39 Responsibility of presenting bank for documents and goods – report of reasons for dishonor – referee in case of need – UCC 4-503
§ 1304.40 Privilege of presenting bank to deal with goods – security interest for expenses – UCC 4-504
§ 1304.51 Definitions – UCC 4A-103, 4A-104, 4A-105
§ 1304.52 Application of provisions – UCC 4A-102
§ 1304.53 Time payment order is received – UCC 4A-106
§ 1304.54 Federal reserve regulations and operating circulars – UCC 4A-107
§ 1304.55 Applicability of ORC provisions for consumer transactions governed by federal law – UCC 4A-108
§ 1304.56 Security procedure – UCC 4A-201
§ 1304.57 Authorized and verified payment orders – UCC 4A-202
§ 1304.58 Unenforceability of certain verified payment orders – UCC 4A-203
§ 1304.59 Refund of payment and duty of customer to report with respect to unauthorized payment order – UCC 4A-204
§ 1304.60 Erroneous payment orders – UCC 4A-205
§ 1304.61 Transmission of payment order through funds-transfer or other communication system – UCC 4A-206
§ 1304.62 Misdescription of beneficiary – UCC 4A-207
§ 1304.63 Misdescription of intermediary bank or beneficiary’s bank – UCC 4A-208
§ 1304.64 Acceptance of payment order – UCC 4A-209
§ 1304.65 Rejection of payment order – UCC 4A-210
§ 1304.66 Cancellation and amendment of payment order – UCC 4A-211
§ 1304.67 Liability and duty of receiving bank regarding unaccepted payment order – UCC 4A-212
§ 1304.68 Execution and execution date – UCC 4A-301
§ 1304.69 Obligations of receiving bank in execution of payment order – UCC 4A-302
§ 1304.70 Erroneous execution of payment order – UCC 4A-303
§ 1304.71 Duty of sender to report erroneously executed payment order – UCC 4A-304
§ 1304.72 Liability for late or improper execution or failure to execute payment order – UCC 4A-305
§ 1304.73 Payment date – UCC 4A-401
§ 1304.74 Obligation of sender to pay receiving bank – UCC 4A-402
§ 1304.75 Payment by sender to receiving bank – UCC 4A-403
§ 1304.76 Obligation of beneficiary’s bank to pay and give notice to beneficiary – UCC 4A-404
§ 1304.77 Payment by beneficiary’s bank to beneficiary – UCC 4A-405
§ 1304.78 Payment by originator to beneficiary – discharge of underlying obligation – UCC 4A-406
§ 1304.79 Variation by agreement and effect of funds-transfer system rule – UCC 4A-501
§ 1304.80 Creditor process served on receiving bank – setoff by beneficiary’s bank – UCC 4A-502
§ 1304.81 Injunction or restraining order with respect to funds transfer – UCC 4A-503
§ 1304.82 Order in which items and payment orders may be charged to account – order of withdrawals from account – UCC 4A-504
§ 1304.83 Preclusion of objection to debit of customer’s account – UCC 4A-505
§ 1304.84 Rate of interest – UCC 4A-506
§ 1304.85 Choice of law – UCC 4A-507
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Terms Used In Ohio Code > Chapter 1304 - Bank Deposits and Collections

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
  • Arrest: Taking physical custody of a person by lawful authority.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • in writing: includes any representation of words, letters, symbols, or figures; this provision does not affect any law relating to signatures. See Ohio Code 1.59
  • 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.
  • 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.
  • Person: includes an individual, corporation, business trust, estate, trust, partnership, and association. See Ohio Code 1.59
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Rule: includes regulation. See Ohio Code 1.59
  • Service of process: The service of writs or summonses to the appropriate party.
  • 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: means the state of Ohio. See Ohio Code 1.59
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.