This chapter may be cited as Uniform Commercial Code–Negotiable Instruments. Source: SL 1994, ch 367, 3-101.

This legal document governs the medium and time of settlement by a bank. It specifies that the medium and time of settlement may be prescribed by federal reserve regulations, circulars, clearing-house rules, agreements, or in the absence of such prescription, it provides default rules. The medium of settlement is either cash or credit to an account in a federal reserve bank or specified by the person receiving settlement. The time of settlement varies depending on the method of tender, such as cash, credit in a federal reserve bank account, credit or debit to a bank account, or funds transfer.

This legal document, part of the South Dakota Codified Laws under the Uniform Commercial Code, pertains to the final payment of items by payor banks, provisional settlement, and the availability of funds for withdrawal. According to the document, an item is considered finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or provisionally settled without revocation within the permitted time.

This legal document governs the recovery of payment by return of items in the context of payor banks. It outlines the actions a payor bank can take if it settles for a demand item and later wishes to revoke the settlement. The payor bank has the option to return the item or send written notice of dishonor or nonpayment if the item is unavailable for return. Additionally, if a demand item is received by a payor bank for credit on its books, it may return the item or send notice of dishonor within a specified time limit.

This legal document, found in the South Dakota Codified Laws under the Uniform Commercial Code, specifically in the section on Bank Deposits and Collections, pertains to the collection of items by payor banks. 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 its customer’s account if certain conditions are met.

This legal document, found in the South Dakota Codified Laws, specifically in the Uniform Commercial Code section, governs the relationship between a payor bank and its customer regarding bank deposits and collections. According to this document, a bank has the authority to charge a 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 complies with any agreement between the customer and the bank.

This legal provision, found in the South Dakota Codified Laws under the Uniform Commercial Code, pertains to the relationship between a payor bank and its customer regarding bank deposits and collections. It grants the customer or any authorized person the right to stop payment of any item drawn on the customer’s account or close the account by providing an order to the bank. The order must describe the item or account with reasonable certainty and be received by the bank in a timely manner.

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. Source: SL 1994, ch 368, 4-404.

This legal document, part of the South Dakota Codified Laws, specifically the Uniform Commercial Code, Bank Deposits And Collections section, outlines the duty of customers to discover and report unauthorized signatures or alterations. According to the document, if a bank sends or makes available a statement of account or items to a customer, the customer must promptly examine the statement or items to determine if any payment was unauthorized due to alteration or unauthorized signature.

The provided legal document content pertains to the recovery of gambling losses. According to the South Dakota Codified Laws, any person who loses something of value at a game or by betting on a game has the right to recover the same or the value thereof. They can recover it from any other person playing at the game, the person with whom the bet was made, or the proprietor of the place where the game was played.