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12 chapters · 623 sections in this title.
09A V.S.A. ch. 004, § 215 Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal
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§ 4—215. Final payment of item by payor bank; when provisional debits and credits become final; when certain credits become available for withdrawal (a) An item is finally paid by a payor bank when the bank has first done any of the following: (1) paid the item in cash; (2) settl…
09A V.S.A. ch. 004, § 216 Insolvency and preference
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§ 4—216. Insolvency and preference (a) If an item is in or comes into the possession of a payor or collecting bank that suspends payment and the item has not been finally paid, the item must be returned by the receiver, trustee, or agent in charge of the closed bank to the presen…
09A V.S.A. ch. 004, § 301 Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
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§ 4—301. Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank (a) If a payor bank settles for a demand item other than a documentary draft presented otherwise than for immediate payment over the counter before midnight of the b…
09A V.S.A. ch. 004, § 302 Payor bank’s responsibility for late return of item
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§ 4—302. Payor bank’s responsibility for late return of item (a) If an item is presented to and received by a payor bank, the bank is accountable for the amount of: (1) a demand item, other than a documentary draft, whether properly payable or not, if the bank, in any case in whi…