California Commercial Code

§ 4204

COM § 4204 Effective Jan 1, 1993Div. 4 · Ch. 2

Statute text

(a)A collecting bank shall send items by reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved, and the method generally used by it or others to present those items.

(b)A collecting bank may send:

(1)An item directly to the payor bank.

…

Legislative history

Amended by Stats. 1992, Ch. 914, Sec. 21. Effective January 1, 1993.