Idaho § 28-4-302 PAYOR BANK’S RESPONSIBILITY FOR LATE RETURN OF ITEM

Idaho Statutes

§ 28-4-302 — PAYOR BANK’S RESPONSIBILITY FOR LATE RETURN OF ITEM

Idaho § 28-4-302

Title 28COMMERCIAL TRANSACTIONS

Part 3.COLLECTION OF ITEMS — PAYOR BANKS

Ch. 4UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS

This text of Idaho § 28-4-302 (PAYOR BANK’S RESPONSIBILITY FOR LATE RETURN OF ITEM) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-4-302 (2026).

Text

(1)If an item is presented to and received by a payor bank, the bank is accountable for the amount of:

(a)a demand item, other than a documentary draft, whether properly payable or not, if the bank, in any case in which it is not also the depositary bank, retains the item beyond midnight of the banking day of receipt without settling for it or, whether or not it is also the depositary bank, does not pay or return the item or send notice of dishonor until after its midnight deadline; or

(b)any other properly payable item unless, within the time allowed for acceptance or payment of that item, the bank either accepts or pays the item or returns it and accompanying documents.

(2)The liability of a payor bank to pay an item pursuant to subsection (1) of this section is subject to defenses b

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(1) If an item is presented to and received by a payor bank, the bank is accountable for the amount of:
(a) a demand item, other than a documentary draft, whether properly payable or not, if the bank, in any case in which it is not also the depositary bank, retains the item beyond midnight of the banking day of receipt without settling for it or, whether or not it is also the depositary bank, does not pay or return the item or send notice of dishonor until after its midnight deadline; or
(b) any other properly payable item unless, within the time allowed for acceptance or payment of that item, the bank either accepts or pays the item or returns it and accompanying documents.
(2) The liability of a payor bank to pay an item pursuant to subsection (1) of this section is subject to defenses based on breach of a presentment warranty (section 28-4-208) or proof that the person seeking enforcement of the liability presented or transferred the item for the purpose of defrauding the payor bank.