New York Statutes
§ 4-106 — Separate Office of a Bank
New York·Law UCC Uniform Commercial Code·Part 1 General Provisions and Definitions·Art. 4 Bank Deposits and Collections
Section 4--106. Separate Office of a Bank.\n A branch or separate office of a bank is a separate bank for the\npurpose of computing the time within which and determining the place at\nor to which action may be taken or notices or orders shall be given\nunder this Article and under Article 3. The receipt of any notice or\norder by or the knowledge of one branch or separate office of a bank is\nnot actual or constructive notice to or knowledge of any other branch or\noffice of the same bank and does not impair the right of another branch\nor office to be a holder in due course of an item.\n
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Nearby Sections
15
§ 4-101
Short Title§ 4-102
Applicability§ 4-106
Separate Office of a Bank§ 4-107
Time of Receipt of Items§ 4-108
Delays§ 4-109
Process of Posting§ 4-203
Effect of Instructions§ 4-206
Transfer Between Banks