Georgia § 11-4-302 - Payor bank's responsibility for late return of item.
Full text of Georgia Official Code of Georgia Annotated § 11-4-302 — Payor bank's responsibility for late return of item., with citation guidance and answers to common questions.
§ 11-4-302. Payor bank's responsibility for late return of item.
If an item is presented to and received by a payor bank, the bank is accountable for the amount of: A demand item, other than a documentary draft, whether properly payable or not, if the bank, in any case in which it is not also the depositary bank, retains the item beyond midnight of the banking day of receipt without settling for it or, whether or not it is also the depositary bank, does not pay or return the item or send notice of dishonor until after its midnight deadline; or Any other properly payable item unless, within the time allowed for acceptance or payment of that item, the bank either accepts or pays the item or returns it and accompanying documents. The liability of a payor bank to pay an item pursuant to subsection (a) of this Code section is subject to defenses based on breach of a presentment warranty (Code Section 11-4-208) or proof that the person seeking enforcement of the liability presented or transferred the item for the purpose of defrauding the payor bank. (Code 1933, § 109A-4 - 302, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 1996, p. 1306, § 12.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 11-4-302
What does Official Code of Georgia Annotated § 11-4-302 cover?
Section 11-4-302 ("Payor bank's responsibility for late return of item.") 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 § 11-4-302?
A common citation format is "Official Code of Georgia Annotated § 11-4-302" (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 § 11-4-302 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.