Ohio § 1304.12
Full text of Ohio Ohio Revised Code § 1304.12, with citation guidance and answers to common questions.
§ 1304.12.
(A) A collecting bank shall exercise ordinary care in doing all of the following: (1) Presenting an item or sending it for presentment; (2) Sending notice of dishonor or non-payment 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; (3) Settling for an item when the bank receives final settlement; (4) Notifying its transferor of any loss or delay in transit within a reasonable time
after discovery of the loss or delay. (B) A collecting bank exercises ordinary care under division (A) of this 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. (C) Subject to division (A)(1) of this 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.
Frequently Asked Questions About Ohio § 1304.12
What does Ohio Revised Code § 1304.12 cover?
Section 1304.12 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 1304.12?
A common citation format is "Ohio Revised Code § 1304.12" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1304.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.