O.C.G.A.

O.C.G.A. § 11-4-102 (2019)

Applicability

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(a) To the extent that items within this article are also within Articles 3 and 8 of this title, they are subject to those articles. If there is conflict, this article governs Article 3 of this title, but Article 8 of this title governs this article.

(b) The liability of a bank for action or nonaction 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 nonaction 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.

History

Code 1933, § 109A-4-102, enacted by Ga. L. 1962, p. 156, § 1; Ga. L. 1996, p. 1306, § 4.

Annotations

Law reviews. For review of 1996 commercial code legislation, see 13 Ga. St. U.L. Rev. 41 (1996).

RESEARCH REFERENCES Am. Jur. 2d. 11 Am. Jur. 2d, Banks and Financial Institutions, §§ 970, 978. 15A Am. Jur. 2d, Commercial Code, § 11. C.J.S. 9 C.J.S., Banks and Banking, § 382. U.L.A. Uniform Commercial Code (U.L.A.) § 4102. ALR. Liability of bank for loss of liberty

bonds, 17 A.L.R. 1217; 31 A.L.R. 703; 40 A.L.R. 899. Authority of bank officer or employee to bind bank by endorsement or guaranty of paper for accommodation of third person, 37 A.L.R. 1373. Bankruptcy: provability of judgment for tort, 37 A.L.R. 1442.

Notes of Decisions
Cited in 2 cases, 1992–1996 · leading case: Bank South, N.A. v. Roswell Jeep Eagle, Inc., 419 S.E.2d 522 (Ga. Ct. App. 1992).
Bank South, N.A. v. Roswell Jeep Eagle, Inc., 419 S.E.2d 522 (Ga. Ct. App. 1992). · cites it 2× “OCGA § 11-4-102 (1). Accordingly, an otherwise untimely failure on the part of the Bank to accept, pay or return the documentary drafts pursuant to their original specification merely as “sight drafts” may be actionable as a failure to comply with OCGA § 11-4-302 (b), but could…”
Great W. Bank v. Steve James Ford, Inc., 915 F. Supp. 392 (S.D. Ga. 1996). · cites it 2× “” O.C.G.A. § 11-4-102(2). The branch of Great Western Bank that is charged with untimely return of the seven drafts is in Orlando, Florida.”
— 11-4-102(2) — 1 case
Great W. Bank v. Steve James Ford, Inc., 915 F. Supp. 392 (S.D. Ga. 1996). “” O.C.G.A. § 11-4-102(2). The branch of Great Western Bank that is charged with untimely return of the seven drafts is in Orlando, Florida.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.