§ 34.1-4-209 — Encoding and retention warranties

Wyoming § 34.1-4-209

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 4: BANK DEPOSITS AND COLLECTIONS

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 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.