Utah § 70A-4-204 Methods of sending and presenting -- Sending directly to payor bank.

Utah Statutes

§ 70A-4-204 — Methods of sending and presenting -- Sending directly to payor bank.

Utah § 70A-4-204

Title 70AUniform Commercial Code

Ch. 70A-4Uniform Commercial Code - Bank Deposits and Collections

Part 70A-4-2Collection of Items - Depositary and Collecting Banks

This text of Utah § 70A-4-204 (Methods of sending and presenting -- Sending directly to payor bank.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-4-204 (2026).

Text

(1)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.

(2)A collecting bank may send:

(2)(a) an item directly to the payor bank;

(2)(b) an item to a nonbank payor if authorized by its transferor; and

(2)(c) an item other than documentary drafts to a nonbank payor, if authorized by Federal Reserve regulation or operating circular, clearinghouse rule, or the like.

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

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(1) 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.
(2) A collecting bank may send:

(2)(a) an item directly to the payor bank;
(2)(b) an item to a nonbank payor if authorized by its transferor; and
(2)(c) an item other than documentary drafts to a nonbank payor, if authorized by Federal Reserve regulation or operating circular, clearinghouse rule, or the like.
(3) Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.