Collection of Items: Payor Banks

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This is Part 3 of the Code of Virginia, titled “Collection of Items: Payor Banks.” It is part of Title 8.4 “Commercial Code — Bank Deposits and Collections”.

It’s comprised of the following 3 sections.

§ 8.4-301	Deferred posting; recovery of payment by return of items; time of dishonor; return of items by payor bank
§ 8.4-302	Payor bank's responsibility for late return of item
§ 8.4-303	When items subject to notice, stop-payment order, legal process or setoff; order in which items may be charged or certified