46-4-201 Status of collecting banks as agent and provisional status of credits; applicability of article; item indorsed “pay any bank.”
46-4-202 Responsibility for collection or return; when action timely
46-4-203 Effect of instructions
46-4-204 Methods of sending and presenting; sending directly to payor bank
46-4-205 Depositary bank holder of unindorsed item
46-4-206 Transfer between banks
46-4-207 Transfer warranties
46-4-208 Presentment warranties
46-4-209 Encoding and retention warranties
46-4-210 Security interest of collecting bank in items, accompanying documents and proceeds
46-4-211 When bank gives value for purposes of holder in due course
46-4-212 Presentment by notice of item not payable by, through or at a bank; liability of drawer or indorser
46-4-213 Medium and time of settlement by bank
46-4-214 Right of charge-back or refund; liability of collecting bank; return of item
46-4-215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
46-4-216 Insolvency and preference
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Terms Used In West Virginia Code > Chapter 46 > Article 4 > Part 2 - Collection of Items: Depositary and Collecting Banks

  • Account: means any deposit or credit account with a bank, including demand, time, savings, passbook, share draft, or like account, other than an account evidenced by a certificate of deposit. See West Virginia Code 46-4-104
  • 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 West Virginia Code 46-4-104
  • 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 West Virginia Code 46-4-104
  • 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 (section 8-102) or instructions for uncertificated securities (section 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 West Virginia Code 46-4-104
  • Draft: means a draft as defined in section 3-104 or an item, other than an instrument, that is an order. See West Virginia Code 46-4-104
  • Drawee: means a person ordered in a draft to make payment. See West Virginia Code 46-4-104
  • Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See West Virginia Code 46-4-104
  • 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.
  • 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 a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.