§ 57A-4-101 Short title
§ 57A-4-102 Applicability
§ 57A-4-103 Variation by agreement–Measure of damages–Certain action constituting ordinarycare
§ 57A-4-104 Definitions and index of definitions
§ 57A-4-105 “Bank”–“Collecting bank”–“Depositary bank”–“Intermediary bank”–“Payor bank”–“Presenting bank”
§ 57A-4-106 Payable through or payable at bank–Collecting bank
§ 57A-4-107 Separate office of a bank
§ 57A-4-108 Time of receipt of items
§ 57A-4-109 Delays
§ 57A-4-110 Electronic presentment
§ 57A-4-111 Statute of limitations
§ 57A-4-201 Status of collecting bank as agent and provisional status of credits–Applicability ofchapter–Item indorsed “pay any bank”
§ 57A-4-202 Responsibility for collection or return–When action timely
§ 57A-4-203 Effect of instructions
§ 57A-4-204 Methods of sending and presenting–Sending directly to payor bank
§ 57A-4-205 Depositary bank holder of unendorsed item
§ 57A-4-206 Transfer between banks
§ 57A-4-207 Transfer warranties
§ 57A-4-208 Presentment warranties
§ 57A-4-209 Encoding and retention warranties
§ 57A-4-210 Security interest of collecting bank in items, accompanying documents, and proceeds
§ 57A-4-211 When bank gives value for purposes of holder in due course
§ 57A-4-212 Presentment by notice of item not payable by, through, or at a bank–Liability ofdrawer or indorser
§ 57A-4-213 Medium and time of settlement by bank
§ 57A-4-214 Right of charge-back or refund; Liability of collecting bank; Return of item
§ 57A-4-215 Final payment of item by payor bank–When provisional debits and credits becomefinal–When certain credits become available for withdrawal
§ 57A-4-216 Insolvency and preference
§ 57A-4-301 Deferred posting–Recovery of payment by return of items–Time of dishonor–Returnof items by payor bank
§ 57A-4-302 Payor bank’s responsibility for late return of item
§ 57A-4-303 When items subject to notice, stop-payment order, legal process, or setoff–Order inwhich items may be charged or certified
§ 57A-4-401 When bank may charge customer’s account
§ 57A-4-402 Bank’s liability to customer for wrongful dishonor–Time of determininginsufficiency of account
§ 57A-4-403 Customer’s right to stop payment–Burden of proof of loss
§ 57A-4-404 Bank not obligated to pay check more than six months old
§ 57A-4-405 Death or incompetence of customer
§ 57A-4-406 Customer’s duty to discover and report unauthorized signature or alteration
§ 57A-4-407 Payor bank’s right to subrogation on improper payment
§ 57A-4-501 Handling of documentary drafts; Duty to send for presentment and to notify customerof dishonor
§ 57A-4-502 Presentment of “on arrival” drafts
§ 57A-4-503 Responsibility of presenting bank for documents and goods–Report of reasons fordishonor–Referee in case of need
§ 57A-4-504 Privilege of presenting bank to deal with goods–Security interest for expenses
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Terms Used In South Dakota Codified Laws > Title 57A > Chapter 4 - 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 South Dakota Codified Laws 57A-4-104
  • Afternoon: means the period of a day between noon and midnight. See South Dakota Codified Laws 57A-4-104
  • Arrest: Taking physical custody of a person by lawful authority.
  • 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 South Dakota Codified Laws 57A-4-104
  • Clearing house: means an association of banks or other payors regularly clearing items. See South Dakota Codified Laws 57A-4-104
  • 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 South Dakota Codified Laws 57A-4-104
  • 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.
  • Documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities (§. See South Dakota Codified Laws 57A-4-104
  • Draft: means a draft as defined in §. See South Dakota Codified Laws 57A-4-104
  • Drawee: means a person ordered in a draft to make payment. See South Dakota Codified Laws 57A-4-104
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See South Dakota Codified Laws 57A-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.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • 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.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2