North Dakota Century Code

Chapter 41-04

Bank Deposits and Collections

Section Section Name
41-04-01 (4‑101) Short title
41-04-02 (4‑102) Applicability
41-04-03 (4‑103) Variation by agreement ‑ Measure of damages ‑ Action constituting ordinary care
41-04-04 (4‑104) Definitions and index of definitions
41-04-05 (4‑105) Bank ‑ Collecting bank ‑ Depositary bank ‑ Payor bank ‑ Presenting bank
41-04-06 (4‑106) Payable through or payable at bank ‑ Collecting bank
41-04-07 (4‑107) Separate office of bank
41-04-08 (4‑108) Time of receipt of items
41-04-09 (4‑109) Delays
41-04-10 (4‑110) Electronic presentment
41-04-11 (4‑111) Statute of limitations
41-04-12 Construction of chapter ‑ Branch banking
41-04-13 (4‑201) Agency status of collecting banks and provisional status of credit ‑ Applicability of chapter ‑ Item endorsed pay any bank
41-04-14 (4‑202) Responsibility for collection or return ‑ When action timely
41-04-15 (4‑203) Effect of instructions
41-04-16 (4‑204) Methods of sending and presenting ‑ Sending directly to payor bank
41-04-17 (4‑205) Depositary bank holder of unendorsed item
41-04-18 (4‑206) Transfer between banks
41-04-19 (4‑207) Transfer warranties
41-04-20 (4‑208) Presentment warranties
41-04-21 (4‑209) Encoding and retention warranties
41-04-22 (4‑210) Security interest of collecting bank in items, accompanying documents, and proceeds
41-04-23 (4‑211) When bank gives value for purposes of holder in due course
41-04-24 (4‑212) Presentment by notice of item not payable by, through, or at bank ‑ Liability of drawer or endorser
41-04-25 (4‑213) Medium and time of settlement by bank
41-04-26 (4‑214) Right of chargeback or refund ‑ Liability of collecting bank ‑ Return of item
41-04-27 (4‑215) Final payment of item by payor bank ‑ When provisional debits and credits become final ‑ When certain credits become available for withdrawal
41-04-28 (4‑216) Insolvency and preference
41-04-29 (4‑301) Deferred posting ‑ Recovery of payment by return of items ‑ Time of dishonor ‑ Return of items by payor bank
41-04-30 (4‑302) Payor bank's responsibility for late return of item
41-04-31 (4‑303) When items subject to notice, stop order, legal process, or setoff ‑ Order in which items may be charged or certified
41-04-32 (4‑401) When bank may charge customer's account
41-04-33 (4‑402) Bank's liability to customer for wrongful dishonor ‑ Time of determining insufficiency of account
41-04-34 (4‑403) Customer's right to stop payment ‑ Burden of proof of loss
41-04-35 (4‑404) Bank not obliged to pay check more than six months old
41-04-36 (4‑405) Death or incompetence of customer
41-04-37 (4‑406) Customer's duty to discover and report unauthorized signature or alteration
41-04-38 (4‑407) Payor bank's right to subrogation on improper payment
41-04-39 (4‑501) Handling of documentary drafts ‑ Duty to send for presentment and to notify customer of dishonor
41-04-40 (4‑502) Presentment of on arrival drafts
41-04-41 (4‑503) Responsibility of presenting bank for documents and goods ‑ Report of reasons for dishonor ‑ Referee in case of need
41-04-42 (4‑504) Privilege of presenting bank to deal with goods ‑ Security interest for expenses