Any agreed method that identifies the transferor bank is sufficient for the item’s further transfer to another bank. Source. 1993, 346:1, eff. Jan. 1, 1994.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the transfer warranties related to the transfer of items and the obligations of customers and collecting banks. It states that a customer or collecting bank transferring an item and receiving settlement or other consideration warrants to the transferee and subsequent collecting banks that they are entitled to enforce the item, all signatures on the item are authentic and authorized, the item has not been altered, the item is not subject to a defense or claim in recoupment, the warrantor has no knowledge of any insolvency proceeding, and if the item is a demand draft, its creation was authorized by the drawer.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, establishes presentment warranties for drafts and other items. It outlines the obligations and warranties of drawees, persons obtaining payment or acceptance, previous transferors of the draft, and persons making payment for dishonored drafts or other items. The document specifies that the warrantors warrant to the drawee or person making payment that they are entitled to enforce the draft or item, that the draft has not been altered, that they have no knowledge of unauthorized signatures, and that the creation of a demand draft was authorized by the drawer.

(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.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the security interest of a collecting bank in an item, its accompanying documents, or the proceeds. A collecting bank has a security interest in an item and its accompanying documents or proceeds in various scenarios, such as when credit given for the item has been withdrawn or applied, when credit has been given for an item available for withdrawal, or when an advance has been made on the item.

For purposes of determining its status as a holder in due course, a bank has given value to the extent it has a security interest in an item, if the bank otherwise complies with the requirements of Section 3-302 on what constitutes a holder in due course. Source. 1993, 346:1, eff. Jan. 1, 1994.

(a) Unless otherwise instructed, a collecting bank may present an item not payable by, through, or at a bank by sending to the party to accept or pay a written notice that the bank holds the item for acceptance or payment. The notice must be sent in time to be received on or before the day when presentment is due and the bank must meet any requirement of the party to accept or pay under Section 3-501 by the close of the bank’s next banking day after it knows of the requirement.

This legal document governs the medium and time of settlement by a bank. It applies to banks and persons involved in settlement transactions. The document states that the medium and time of settlement may be prescribed by Federal Reserve regulations, clearing-house rules, or agreement. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve Bank or specified by the person to receive settlement.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the right of charge-back or refund, the liability of collecting banks, and the return of items. It applies to collecting banks and their customers. According to the document, if a collecting bank has made provisional settlement with its customer for an item but fails to receive final settlement due to dishonor, suspension of payments by a bank, or other reasons, the bank has the right to revoke the settlement, charge back the credited amount, or obtain a refund from its customer.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the final payment of items by payor banks, provisional settlement, and the availability of funds for withdrawal. It specifies that an item is finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or provisionally settled and not revoked within the permitted time. If provisional settlement does not become final, the item is not considered finally paid.