Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
Chapter titles, centered headings, section catchlines, and explanatory notes are for informational purposes only and do not constitute any part of the law. For general laws governing construction of statutes, see KRS Chapter 446.
The KRS database was last updated on 11/20/2024
.4-101 Short title.
.4-102 Applicability.
.4-103 Variation by agreement -- Measure of damages -- Action constituting ordinary care.
.4-104 Definitions and index of definitions.
.4-105 "Depositary bank" -- "Payor bank" -- "Intermediary bank" -- "Collecting bank" -- "Presenting bank."
.4-106 Payable through or payable at bank -- Collecting bank.
.4-107 Separate office of a bank.
.4-108 Time of receipt of items.
.4-109 Delays.
.4-110 Electronic presentment.
.4-111 Statute of limitations.
.4-201 Status of collecting bank as agent and provisional status of credits -- Applicability of article -- Item indorsed "pay any bank."
.4-202 Responsibility for collection or return -- When action timely.
.4-203 Effect of instructions.
.4-204 Methods of sending and presenting -- Sending directly to payor bank.
.4-205 Depositary bank holder of unindorsed item.
.4-206 Transfer between banks.
.4-207 Transfer warranties.
.4-208 Presentment warranties. (Effective until January 1, 2025)
.4-208 Presentment warranties. (Effective January 1, 2025)
.4-209 Encoding and retention warranties.
.4-210 Security interest of collecting bank in items, accompanying documents, and proceeds.
.4-211 When bank gives value for purposes of holder in due course.
.4-212 Presentment by notice of item not payable by, through, or at bank -- Liability of drawer or indorser.
.4-213 Medium and time of settlement by bank.
.4-214 Right of charge-back or refund -- Liability of collecting bank -- Return of item.
.4-215 Final payment of item by payor bank -- When provisional debits and credits become final -- When certain credits become available for withdrawal.
.4-216 Insolvency and preference.
.4-301 Deferred posting -- Recovery of payment by return of items -- Time of dishonor -- Return of items by payor bank.
.4-302 Payor bank's responsibility for late return of item.
.4-303 When items subject to notice, stop-payment order, legal process, or setoff -- Order in which items may be charged or certified.
.4-401 When bank may charge customer's account.
.4-402 Bank's liability to customer for wrongful dishonor -- Time of determining insufficiency of account.
.4-403 Customer's right to stop payment -- Burden of proof of loss.
.4-404 Bank not obligated to pay check more than six months old.
.4-405 Death or incompetence of customer.
.4-406 Customer's duty to discover and report unauthorized signature or alteration.
.4-407 Payor bank's right to subrogation on improper payment.
.4-501 Handling of documentary drafts -- Duty to send for presentment and to notify customer of dishonor.
.4-502 Presentment of "on arrival" drafts.
.4-503 Responsibility of presenting bank for documents and goods -- Report of reasons for dishonor -- Referee in case of need.
.4-504 Privilege of presenting bank to deal with goods -- Security interest for expenses.