Relationship Between Payor Bank And Its Customer
This is Part 4 of the Code of Virginia, titled “Relationship Between Payor Bank And Its Customer.” It is part of Title 8.4, titled “Commercial Code -- Bank Deposits And Collections.” It’s comprised of the following 7 sections.
- § 8.4-401
- When bank may charge customer's account
- § 8.4-402
- Bank's liability to customer for wrongful dishonor; time of determining insufficiency of account
- § 8.4-403
- Customer's right to stop payment; burden of proof of loss
- § 8.4-404
- Bank not obligated to pay check more than six months old
- § 8.4-405
- Death or incompetence of customer
- § 8.4-406
- Customer's duty to discover and report unauthorized signature or alteration
- § 8.4-407
- Payor bank's right to subrogation on improper payment