New Jersey § 12a:4-205
Full text of New Jersey New Jersey Statutes § 12a:4-205, with citation guidance and answers to common questions.
§ 12a:4-205.
If a customer delivers an item to a depositary bank for collection: a. 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 indorses the item, and, if the bank satisfies the other requirements
of 12A:3-302, it is a holder in due course; and b. 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.
Frequently Asked Questions About New Jersey § 12a:4-205
What does New Jersey Statutes § 12a:4-205 cover?
Section 12a:4-205 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:4-205?
A common citation format is "New Jersey Statutes § 12a:4-205" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:4-205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.