This section of the Massachusetts General Law, specifically under the Uniform Commercial Code for Bank Deposits and Collections, governs the timing and order in which payor banks can process items subject to notice, stop-payment orders, legal processes, or setoffs. It states 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 the bank has already accepted or certified the item, paid it in cash, settled for the item without the right to revoke the settlement, become accountable for the amount of the item, or if a cut-off hour has passed.

This section of the Massachusetts General Law governs the circumstances under which a bank may charge a customer’s account. A bank is allowed to charge against the customer’s account for an item that is 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. The customer is not liable for the amount of an overdraft if they did not sign the item or benefit from its proceeds.

This section of the Massachusetts General Law, specifically under the Uniform Commercial Code for Bank Deposits and Collections, governs the right of a customer or any authorized person to stop payment of any item drawn on the customer’s account or close the account. The customer or authorized person must provide an order to the bank with a clear description of the item or account, allowing the bank a reasonable opportunity to act on it.

Section 4404. 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 six months after its date, but it may charge its customer’s account for a payment made thereafter in good faith.

This legal document, Section 4406 of the Massachusetts General Law, falls under the Uniform Commercial Code and specifically pertains to bank deposits and collections. It outlines the duties and responsibilities of both banks and customers regarding the discovery and reporting of unauthorized signatures or alterations on items such as statements of account. The document requires banks to either return the paid items to the customer or provide sufficient information in the statement of account for the customer to identify the items paid.

The provided legal document content covers various sections of the Massachusetts General Law, specifically under the Uniform Commercial Code, governing Bank Deposits and Collections. These sections outline the rights, responsibilities, and procedures related to bank transactions, including the handling of items, presentment, payment, collection, and return of items. The documents address the roles and obligations of collecting banks, payor banks, and depositary banks, as well as the rights and liabilities of customers, drawees, and payors.

The legal document content provides regulations and guidelines for funds transfers, covering various aspects such as the execution and acceptance of payment orders, the cancellation and amendment of payment orders, the liability for late or improper execution of payment orders, the obligations of receiving banks and customers, the authorization and verification of payment orders, the refund of unauthorized payment orders, the use of security procedures, and the definitions of key terms.

These legal documents, under the Massachusetts General Law and the Uniform Commercial Code, govern various aspects of letters of credit. They cover the security interest that an issuer or nominated person has in documents presented under a letter of credit, the liability of issuers, nominated persons, or advisers, subrogation rights and obligations, time limits for commencing actions, transfer of beneficiary rights, assignment of proceeds, transferability of rights, handling of presentations, rights and obligations of issuers, warranties of beneficiaries, roles and obligations of various parties, issuance, amendment, cancellation, and duration of letters of credit, consideration requirements, remedies for wrongful dishonor or repudiation, and definitions of terms related to letters of credit.

This legal document provides information on various sections of the Massachusetts General Law related to secured transactions under the Uniform Commercial Code. It covers topics such as the filing and effectiveness of financing statements, amendments, and termination statements, the continuation of financing statements, the perfection and priority of security interests, the disposition of collateral, the redemption of collateral, and the rights and duties of secured parties and debtors. The document outlines the requirements and procedures for filing and maintaining records, the duties of filing offices, and the rights and actions available to secured parties after default.

This chapter provides definitions for various terms used in the context of labor and industries in Massachusetts. It includes definitions for terms such as ‘apprentice’, ‘assistant commissioner’, ‘associate commissioners’, ‘buildings used for industrial purposes’, ‘child’, ‘commissioner’, ‘co-operative courses’, ‘department’, ‘discrimination’, ’employee’, ’employer’, ’employment’, ’employment permit’, ’extraordinary emergency’, ‘factory’, ‘industrial disease’, ‘industrial health inspector’, ‘inspector’, ‘iron works’, ‘manufacturing establishments’, ‘mechanical establishments’, ‘mercantile establishments’, ‘place of employment’, ‘print works’, ‘safe’ or ‘safety’, and ‘workshop’.