This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the handling of items in the possession of payor banks, collecting banks, receivers, trustees, and agents in charge of closed banks in cases of insolvency and preference. It outlines the obligations of these entities in returning items, making settlements, and suspending payments. The document also establishes preferred claims for owners of items in certain situations.

This section of the New Hampshire Revised Statutes, specifically Chapter 382-A, which pertains to the Uniform Commercial Code, outlines the rules and procedures related to deferred posting, recovery of payment by return of items, time of dishonor, and return of items by payor banks. It states that if a payor bank settles for a demand item other than a documentary draft presented for immediate payment before midnight of the banking day of receipt, the payor bank may revoke the settlement and recover the settlement if it returns the item or sends written notice of dishonor or nonpayment.

This provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the responsibility of a payor bank for the late return of an item. If a payor bank receives an item and retains it beyond midnight of the banking day of receipt without settling for it, or fails to pay, return, or send notice of dishonor until after its midnight deadline, the bank is accountable for the amount of the item.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the actions and responsibilities of payor banks and their customers regarding items subject to notice, stop-payment order, legal process, or setoff. It specifies that any knowledge, notice, stop-payment order, or legal process received by the payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or charge the customer’s account if certain conditions are met.

This legal document, part of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code, governs the charging of a customer’s account by a bank. It states that a bank may charge against the customer’s account for items that are properly payable, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and in accordance with any agreement between the customer and the bank.

This legal document governs the liability of a payor bank to its customer for wrongful dishonor of an item. It states that a payor bank wrongfully dishonors an item if it dishonors an item that is properly payable, unless the bank has agreed to pay the overdraft. The document defines wrongful dishonor to include a refusal by a payor bank to honor an item that is otherwise properly payable, if the payee presents the item in person, properly endorses it, and provides reliable identification.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the customer’s right to stop payment and the burden of proof of loss. According to this document, a customer or any person authorized to draw on the account can stop payment of any item drawn on the customer’s account or close the account by providing an order to the bank. The stop-payment order is effective for 6 months and can be renewed for additional 6-month periods.

A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than 6 months after its date, but it may charge its customer’s account for a payment made thereafter in good faith. Source. 1993, 346:1, eff. Jan. 1, 1994.

(a) A payor or collecting bank’s authority to accept, pay, or collect an item or to account for proceeds of its collection, if otherwise effective, is not rendered ineffective by incompetence of a customer of either bank existing at the time the item is issued or its collection is undertaken if the bank does not know of an adjudication of incompetence. Neither death nor incompetence of a customer revokes the authority to accept, pay, collect, or account until the bank knows of the fact of death or of an adjudication of incompetence and has reasonable opportunity to act on it.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the duty of customers to discover and report unauthorized signatures or alterations. It applies to both customers and banks. According to the document, if a bank sends a statement of account or items to a customer, the customer must promptly examine them to determine if any payment was unauthorized due to an alteration or unauthorized signature.