Collection Of Items: Payor Banks
This is Part 3 of the Code of Virginia, titled “Collection Of Items: Payor Banks.” It is part of Title 8.4, titled “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