Georgia § 11-4-202 - Responsibility for collection or return; when action timely.
Full text of Georgia Official Code of Georgia Annotated § 11-4-202 — Responsibility for collection or return; when action timely., with citation guidance and answers to common questions.
§ 11-4-202. Responsibility for collection or return; when action timely.
A collecting bank must exercise ordinary care in: Presenting an item or sending it for presentment; Sending notice of dishonor or nonpayment or returning an item other than a documentary draft to the bank's transferor after learning that the item has not been paid or accepted, as the case may be; Settling for an item when the bank receives final settlement; and Notifying its transferor of any loss or delay in transit within a reasonable time after discovery thereof. A collecting bank exercises ordinary care under subsection (a) of this Code section by taking proper action before its midnight deadline following receipt of an item, notice, or settlement. Taking proper action within a reasonably longer time may constitute the exercise of ordinary care, but the bank has the burden of establishing timeliness. Subject to paragraph (1) of subsection (a) of this Code section, a bank is not liable for the insolvency, neglect, misconduct, mistake, or default of another bank or person or for loss or destruction of an item in the possession of others or in transit. (Code 1933, § 109A-4 - 202, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 1996, p. 1306, § 6.)
Frequently Asked Questions About Georgia § 11-4-202
What does Official Code of Georgia Annotated § 11-4-202 cover?
Section 11-4-202 ("Responsibility for collection or return; when action timely.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 11-4-202?
A common citation format is "Official Code of Georgia Annotated § 11-4-202" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 11-4-202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.