7-4-212
Section 7-4-212 Presentment by notice of item not payable by, through, or at bank; liability
of drawer or indorser. (a) Unless otherwise instructed, a collecting bank may present an item
not payable by, through, or at a bank by sending to the party to accept or pay a written notice
that the bank holds the item for acceptance or payment. The notice must be sent in time to
be received on or before the day when presentment is due and the bank must meet any requirement
of the party to accept or pay under Section 7-3-501 by the close of the bank's next banking
day after it knows of the requirement. (b) If presentment is made by notice and payment, acceptance,
or request for compliance with a requirement under Section 7-3-501 is not received by the
close of business on the day after maturity or, in the case of demand items, by the close
of business on the third banking day after notice was sent, the presenting bank may treat
the item as dishonored and charge any drawer or indorser by sending...
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41-14-2
Section 41-14-2 Application for designation action upon default or insolvency. Before any bank
or savings association shall be designated as a state depositary, it shall be designated as
a qualified public depository under Chapter 14A of this title, and it shall file with the
State Treasurer an application in writing to be designated as a state depositary under the
terms of this article. Such qualified public depository shall accompany such application with
a statement, verified by the affidavit of its president or other executive head, setting forth
the amount of its paid-in capital stock, the amount of its surplus and undivided profits,
its principal place of business, the length of time it has been engaged in business and its
assets and liabilities at the time of making application. In the event of the default or insolvency,
as defined in Section 41-14A-2, of any state depository, the State Treasurer shall take prompt
action to enforce the rights of the state and the State Treasurer...
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7-4A-204
Section 7-4A-204 Refund of payment and duty of customer to report with respect to unauthorized
payment order. (a) If a receiving bank accepts a payment order issued in the name of its customer
as sender which is (i) not authorized and not effective as the order of the customer under
Section 7-4A-202, or (ii) not enforceable, in whole or in part, against the customer under
Section 7-4A-203, the bank shall refund any payment of the payment order received from the
customer to the extent the bank is not entitled to enforce payment and shall pay interest
on the refundable amount calculated from the date the bank received payment to the date of
the refund. However, the customer is not entitled to interest from the bank on the amount
to be refunded if the customer fails to exercise ordinary care to determine that the order
was not authorized by the customer and to notify the bank of the relevant facts within a reasonable
time not exceeding 90 days after the date the customer received...
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7-4A-202
Section 7-4A-202 Authorized and verified payment orders. (a) A payment order received by the
receiving bank is the authorized order of the person identified as sender if that person authorized
the order or is otherwise bound by it under the law of agency. (b) If a bank and its customer
have agreed that the authenticity of payment orders issued to the bank in the name of the
customer as sender will be verified pursuant to a security procedure, a payment order received
by the receiving bank is effective as the order of the customer, whether or not authorized,
if (i) the security procedure is a commercially reasonable method of providing security against
unauthorized payment orders, and (ii) the bank proves that it accepted the payment order in
good faith and in compliance with the security procedure and any written agreement or instruction
of the customer restricting acceptance of payment orders issued in the name of the customer.
The bank is not required to follow an instruction that...
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7-4-102
Section 7-4-102 Applicability. (a) To the extent that items within this article are also within
Articles 3 and 8, they are subject to those articles. If there is conflict, this article governs
Article 3, but Article 8 governs this article. (b) The liability of a bank for action or non-action
with respect to an item handled by it for purposes of presentment, payment, or collection
is governed by the law of the place where the bank is located. In the case of action or non-action
by or at a branch or separate office of a bank, its liability is governed by the law of the
place where the branch or separate office is located. (Acts 1965, No. 549, p. 811; repealed
by Acts 1995, No. 95-668, p. 1381, §2; added by Acts 1995, No. 95-668, p. 1381, §2.)...

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41-14-30
Section 41-14-30 Deposit of funds in qualified public depositories; types of investments. (a)
The State Treasurer may deposit the money of the state in any available bank product in any
bank or savings association that is a qualified public depository under Chapter 14A of this
title and that has been designated as a state depositary according to law, so long as the
bank or savings association agrees to pay interest on the money. (b) The State Treasurer may
invest so much of the funds as he or she may deem appropriate in bonds, notes, or treasury
bills of the United States or in obligations of any agency or instrumentality of the United
States of America, including but not limited to the Federal Land Bank, Federal Home Loan Bank,
Federal National Mortgage Association, Federal Intermediate Credit Bank, banks for cooperatives,
Resolution Trust Corporation, or any of its other agencies, or in any other obligations guaranteed
as to principal and interest by the United States, or in money...
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7-4A-203
Section 7-4A-203 Unenforceability of certain verified payment orders. (a) If an accepted payment
order is not, under Section 7-4A-202(a), an authorized order of a customer identified as sender,
but is effective as an order of the customer pursuant to Section 7-4A-202(b), the following
rules apply: (1) By express written agreement, the receiving bank may limit the extent to
which it is entitled to enforce or retain payment of the payment order. (2) The receiving
bank is not entitled to enforce or retain payment of the payment order if the customer proves
that the order was not caused, directly or indirectly, by a person (i) entrusted at any time
with duties to act for the customer with respect to payment orders or the security procedure,
or (ii) who obtained access to transmitting facilities of the customer or who obtained, from
a source controlled by the customer and without authority of the receiving bank, information
facilitating breach of the security procedure, regardless of how...
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11-50-104
Section 11-50-104 Deposit of assessment proceeds in bank; manner of withdrawal thereof. All
proceeds arising from the collection of assessments levied under the provisions of this division
shall, as soon as collected, be deposited and shall be kept by the city or town official charged
with the duty of collecting assessments in some bank or banks paying interest on time deposits
to be designated by the council. Said collections shall not be deposited with the general
funds of the city or town but shall constitute a separate deposit to the account of "public
bond sewerage fund" and shall be drawn out on check or order, and the council may pass
the proper ordinances and regulations requiring countersignature of said check or order. (Acts
1923, No. 165, p. 134; Code 1923, §2117; Code 1940, T. 37, §642.)...
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27-32-23
Section 27-32-23 Deposit of moneys collected. The moneys collected by the commissioner in a
proceeding under this chapter shall be from time to time deposited in one or more state or
national banks, savings banks, or trust companies; and, in the case of the insolvency or voluntary
or involuntary liquidation of any such depositary which is an institution organized and supervised
under the laws of this state, such deposits shall be entitled to priority of payment on an
equality with any other priority given by the banking laws of this state. The commissioner
may, in his discretion, deposit such moneys, or any part thereof, in a national bank or trust
company as a trust fund. (Acts 1971, No. 407, p. 707, §642.)...
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35-12-72
Section 35-12-72 Presumption of abandonment. (a) Property is presumed abandoned if it is unclaimed
by the apparent owner during the time set forth below for the particular property: (1) Traveler's
checks, 15 years after issuance. (2) Money order, five years after issuance. (3) A demand,
savings, or time deposit including a deposit that is automatically renewable, three years
after the earlier of maturity, as extended from time to time, or the date of the last indication
by the apparent owner of interest in the property. (4) Tangible and intangible property held
in a safe deposit box or other safekeeping depository in this state in the ordinary course
of the holder's business and proceeds resulting from the sale of the property permitted by
other law, three years after expiration of the lease or rental period on the box or other
depository. (5) Money or credits owed to a customer as a result of a retail business transaction,
one year after the obligation accrued. (6) Property in an...
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