Arizona § 47-4204 Methods of sending and presenting; sending directly to payor bank

Arizona Statutes

§ 47-4204 — Methods of sending and presenting; sending directly to payor bank

Arizona § 47-4204

Title 47Arizona Revised Statutes

Ch. 4BANK DEPOSITS AND COLLECTIONS

Art. 2Collection of Items; Depositary and Collecting Banks

This text of Arizona § 47-4204 (Methods of sending and presenting; sending directly to payor bank) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-4204 (2026).

Text

A.A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved and the method generally used by it or others to present those items.

B.A collecting bank may send:

1.An item directly to the payor bank;

2.An item to a non-bank payor if authorized by its transferor; and

3.An item other than documentary drafts to a non-bank payor, if authorized by federal reserve regulation or operating circular, clearing-house rule or the like.

C.Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.

Free access — add to your briefcase to read the full text and ask questions with AI

A. A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved and the method generally used by it or others to present those items.

B. A collecting bank may send:

1. An item directly to the payor bank;

2. An item to a non-bank payor if authorized by its transferor; and

3. An item other than documentary drafts to a non-bank payor, if authorized by federal reserve regulation or operating circular, clearing-house rule or the like.

C. Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.