Arizona § 47-4209 Encoding and retention warranties

Arizona Statutes

§ 47-4209 — Encoding and retention warranties

Arizona § 47-4209

Title 47Arizona Revised Statutes

Ch. 4BANK DEPOSITS AND COLLECTIONS

Art. 2Collection of Items; Depositary and Collecting Banks

This text of Arizona § 47-4209 (Encoding and retention warranties) 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. § 47-4209 (2026).

Text

A.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 also makes the warranty.

B.A person who undertakes to retain an item pursuant to an agreement for electronic presentment warrants to any subsequent collecting bank and to the payor bank or other payor that retention and presentment of the item comply with the agreement. If a customer of a depositary bank undertakes to retain an item, that bank also makes this warranty.

C.A person to whom warranties are made under this section and who took the item in good faith may recover from the warrantor as damages for breach of warranty an amoun

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

A. 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 also makes the warranty.

B. A person who undertakes to retain an item pursuant to an agreement for electronic presentment warrants to any subsequent collecting bank and to the payor bank or other payor that retention and presentment of the item comply with the agreement. If a customer of a depositary bank undertakes to retain an item, that bank also makes this warranty.

C. A person to whom warranties are made under this section and who took the item in good faith may recover from the warrantor as damages for breach of warranty an amount equal to the loss suffered as a result of the breach, plus expenses and loss of interest incurred as a result of the breach.