§ 36-4-101 Short title
§ 36-4-102 Applicability
§ 36-4-103 Variation by agreement; measure of damages; action constituting ordinary care
§ 36-4-104 Definitions and index of definitions
§ 36-4-105 Definitions of types of banks
§ 36-4-106 Payable through or payable at bank; collecting bank
§ 36-4-107 Separate office of bank
§ 36-4-108 Time of receipt of items
§ 36-4-109 Delays
§ 36-4-110 Electronic presentment
§ 36-4-111 Statute of limitations
§ 36-4-201 Status of collecting bank as agent and provisional status of credits; applicability of article; item indorsed “pay any bank”
§ 36-4-202 Responsibility for collections or return; when action timely
§ 36-4-203 Effect of instructions
§ 36-4-204 Methods of sending and presenting; sending directly to payor bank
§ 36-4-205 Depositary bank holder of unindorsed item
§ 36-4-206 Transfer between banks
§ 36-4-207 Transfer warranties
§ 36-4-208 Presentment warranties
§ 36-4-209 Encoding and retention warranties
§ 36-4-210 Security interest of collecting bank in items, accompanying documents, and proceeds
§ 36-4-211 When bank gives value for purposes of holder in due course
§ 36-4-212 Presentment by notice of item not payable by, through, or at bank; liability of drawer or indorser
§ 36-4-213 Medium and time of settlement by bank
§ 36-4-214 Right of charge-back or refund; liability of collecting bank; return of item
§ 36-4-215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
§ 36-4-216 Insolvency and preference
§ 36-4-301 Posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
§ 36-4-302 Payor bank’s responsibility for late return of item
§ 36-4-303 When items subject to notice, stop-payment order, legal process, or setoff; order in which items may be changed or certified
§ 36-4-401 When bank may charge customer’s account
§ 36-4-402 Bank’s liability to customer for wrongful dishonor; time of determining insufficiency of account
§ 36-4-403 Customer’s right to stop payment; burden of proof of loss
§ 36-4-404 Bank not obliged to pay check more than six months old
§ 36-4-405 Death or incompetence of a customer
§ 36-4-406 Customer’s duty to discover and report unauthorized signature or alteration
§ 36-4-407 Payor bank’s right to subrogation on improper payment
§ 36-4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 36-4-502 Presentment of “on arrival” drafts
§ 36-4-503 Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
§ 36-4-504 Privilege of presenting bank to deal with goods; security interest for expenses
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Terms Used In South Carolina Code > Title 36 > Chapter 4 - 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;

    (2) "Afternoon" means the period of a day between noon and midnight;

    (3) "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;

    (4) "Clearing house" means an association of banks or other payors regularly clearing items;

    (5) "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;

    (6) "Documentary draft" means a draft to be presented for acceptance or payment if specified documents, certificated securities (§ 36-8-102) or instructions for uncertificated securities (§ 36-8-102), or other certificates, statements, or the like are to be received by the drawee or other payor before acceptance or payment of the draft;

    (7) "Draft" means a draft as defined in § 36-3-104 or an item, other than an instrument, that is an order;

    (8) "Drawee" means a person ordered in a draft to make payment;

    (9) "Item" means an instrument or a promise or order to pay money handled by a bank for collection or payment. See South Carolina Code 36-4-104
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Arrest: Taking physical custody of a person by lawful authority.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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.
  • 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.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • 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.