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55 chapters · 632 sections in this title.
13 Pa.C.S. § 4207 Transfer warranties
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(a) General rule.--A customer or collecting bank that transfers an item and receives a settlement or other consideration warrants to the transferee and to any subsequent collecting bank that: (1) the warrantor is a person entitled to enforce the item; (2) all signatures on the it…
13 Pa.C.S. § 4208 Presentment warranties
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(a) General rule.--If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, the person obtaining payment or acceptance, at the time of presentment, and a previous transferor of the draft, at the time of transfer, warran…
13 Pa.C.S. § 4209 Encoding and retention warranties
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(a) Encoding warranty.--A person who encodes information on or with respect to an item after issue warrants to any subsequent collecting bank and to the payor bank or other payor that the information is correctly encoded. If the customer of a depositary bank encodes, that bank al…
13 Pa.C.S. § 4210 Security interest of collecting bank in items, accompanying documents and proceeds
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(a) General rule.--A collecting bank has a security interest in an item and any accompanying documents or the proceeds of either: (1) in case of an item deposited in an account, to the extent to which credit given for the item has been withdrawn or applied; (2) in case of an item…
