Nevada § 104.4205 - Depository bank holder of unendorsed item

§ 104.4205. Depository bank holder of unendorsed item

If a customer delivers an item to a depositary bank for collection: 1. The depositary bank becomes a holder of the item at the time it receives the item

for collection if the customer at the time of delivery was a holder of the item, whether

or not the customer endorses the item, and, if the bank satisfies the other requirements

of NRS 104.3302 , it is a holder in due course; and 2. The depositary bank warrants to collecting banks, the payor bank or other payor,

and the drawer that the amount of the item was paid to the customer or deposited to

the customer's account.