Wyoming § 34.1-4-205 Depositary bank holder of unindorsed item

Wyoming Statutes

§ 34.1-4-205 — Depositary bank holder of unindorsed item

Wyoming § 34.1-4-205

Title 34.1Uniform Commercial Code

Art. 4BANK DEPOSITS AND COLLECTIONS

This text of Wyoming § 34.1-4-205 (Depositary bank holder of unindorsed item) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 34.1-4-205 (2026).

Text

(a)If a customer delivers an item to a depositary bank for collection:

(i)The depositary bank becomes a holder of the item at the time it receives the item for collection if the customer at the time of delivery was a holder of the item, whether or not the customer indorses the item, and, if the bank satisfies the other requirements of section 34.1-3-302, it is a holder in due course; and

(ii)The depositary bank warrants to collecting banks, the payor bank or other payor, and the drawer that the amount of the item was paid to the customer or deposited to the customer's account.

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

(a) If a customer delivers an item to a depositary bank
for collection:
(i) The depositary bank becomes a holder of the item
at the time it receives the item for collection if the customer
at the time of delivery was a holder of the item, whether or not
the customer indorses the item, and, if the bank satisfies the
other requirements of section 34.1-3-302, it is a holder in due
course; and
(ii) The depositary bank warrants to collecting
banks, the payor bank or other payor, and the drawer that the
amount of the item was paid to the customer or deposited to the
customer's account.