CHAPTER 4. Relationship Between Payor Bank and Its Customer [4401. - 4407.]

Chapter 4 enacted by Stats. 1963, Ch. 819.

§§ 4401–4407 · 7 sections

• § 4401 (a) A bank may charge against the account of a customer an item that is properly payable from that account even though the charge creates an overdraft. An item…
• § 4402 (a) Except as otherwise provided in this division, a payor bank wrongfully dishonors an item if it dishonors an item that is properly payable, but a bank may…
• § 4403 (a) A customer or any person authorized to draw on the account if there is more than one person may stop payment of any item drawn on the customer’s account or…
• § 4404 A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months…
• § 4405 (a) A payor or collecting bank’s authority to accept, pay, or collect an item or to account for proceeds of its collection, if otherwise effective, is not…
• § 4406 (a) A bank that sends or makes available to a customer a statement of account showing payment of items for the account shall either return or make available to…
• § 4407 If a payor bank has paid an item over the order of the drawer or maker to stop payment, or after an account has been closed, or otherwise under circumstances…