Applicability

Applicability. (1) To the extent that items within this division are also within the scope of divisions 3 [5 CMC § 3101 et seq.] and 8 [5 CMC § 8101 et seq.] of this title, they are subject to the provisions of those divisions. In the event of conflict the provisions of this division govern those of division 3 of this title [5 CMC § 3101 et seq.] but the provisions of division 8 of this title [5 CMC § 8101 et seq.] govern those of this division. (2) The liability of a bank for action or non-action with respect to any item handled by it for purposes of presentment, payment or collection is governed by the law of the place where the bank is located. In the case of action or non-action by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located. Source: PL 3-56, § 1 (§ 4102).