Find Laws Find Lawyers Free Legal Forms USA State Laws

HAWAII STATUTES AND CODES

§490:4-302 - Payor bank's responsibility for late return of item.

     §490:4-302  Payor bank's responsibility for late return of item.  (a)  If an item is presented to and received by a payor bank, the bank is accountable for the amount of:

     (1)  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

     (2)  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.

     (b)  The liability of a payor bank to pay an item pursuant to subsection (a) is subject to defenses based on breach of a presentment warranty (section 490:4-208) or proof that the person seeking enforcement of the liability presented or transferred the item for the purpose of defrauding the payor bank. [L 1965, c 208, §4-302; HRS §490:4-302; am L 1991, c 118, pt of §4]

 

 

Hawaii Forms by Issue

Hawaii Consumer Forms
Hawaii Divorce Forms
Hawaii Family Forms
Hawaii Tax Forms

Hawaii Law

Hawaii State Laws
    > Hawaii Child Support
    > Hawaii Gun Laws
    > Hawaii Statutes
Hawaii State
    > Hawaii State Library
    > Hawaii Zip Code
Hawaii Tax
    > Hawaii State Tax
Hawaii Agencies
    > Hawaii DMV

Hawaii Court Map

Tips