Wis. Stat. » CHAPTER 404 — UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS
Wisconsin Statutes

Wis. Stat. § 404.104 (2026)

Definitions and index of definitions

✓ current as of July 2026
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404.104404.104 Definitions and index of definitions.
404.104(1)(1) In this chapter, unless the context otherwise requires:
404.104(1)(a)(a) “Account” means any deposit or credit account with a bank, including a demand, time, savings, passbook, share draft or like account, other than an account evidenced by a certificate of deposit.
404.104(1)(b)(b) “Afternoon” means the period of a day between noon and midnight.
404.104(1)(c)(c) “Banking day” means the part of a day on which a bank is open to the public for carrying on substantially all of its banking functions.
404.104(1)(d)(d) “Clearinghouse” means an association of banks or other payers regularly clearing items.
404.104(1)(e)(e) “Customer” means a person having an account with a bank or for whom a bank has agreed to collect items, including a bank that maintains an account at another bank.
404.104(1)(f)(f) “Documentary draft” means a draft to be presented for acceptance or payment if specified documents, certificated securities or instructions for uncertificated securities, or other certificates, statements or the like are to be received by the drawee or other payer before acceptance or payment of the draft.
404.104(1)(g)(g) “Draft” means a draft as defined in s. 403.104 (5), or an item, other than an instrument, that is an order.
404.104(1)(h)(h) “Drawee” means a person ordered in a draft to make a payment.
404.104(1)(i)(i) “Item” means an instrument or a promise or order to pay money handled by a bank for collection or payment. “Item” does not include a payment order governed by ch. 410 or a credit or debit card slip.
404.104(1)(j)(j) “Midnight deadline” with respect to a bank is midnight on its next banking day following the banking day on which it receives the relevant item or notice or from which the time for taking action commences to run, whichever is later.
404.104(1)(k)(k) “Settle” means to pay in cash, by clearinghouse settlement, in a charge or credit or by remittance, or otherwise as agreed. A settlement may be either provisional or final.
404.104(1)(L)(L) “Suspends payments” with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.
404.104(2)(2) Other definitions applying to this chapter and the sections in which they appear are:
404.104(2)(a)(a) “Agreement for electronic presentment” — s. 404.110 (1).
404.104(2)(b)(b) “Bank” — s. 404.105 (1).
404.104(2)(c)(c) “Collecting bank” — s. 404.105.
404.104(2)(d)(d) “Depositary bank” — s. 404.105.
404.104(2)(e)(e) “Intermediary bank” — s. 404.105.
404.104(2)(f)(f) “Payer bank” — s. 404.105.
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404.104(2)(g)(g) “Presenting bank” — s. 404.105.
404.104(2)(h)(h) “Presentment notice” — s. 404.110 (1).
404.104(3)(3) The following definitions in other chapters apply to this chapter:
404.104(3)(a)(a) “Acceptance” — s. 403.409 (1).
404.104(3)(b)(b) “Alteration” — s. 403.407 (1).
404.104(3)(c)(c) “Cashier’s check” — s. 403.104 (7).
404.104(3)(d)(d) “Certificate of deposit” — s. 403.104.
404.104(3)(e)(e) “Certified check” — s. 403.409 (4).
404.104(3)(f)(f) “Check” — s. 403.104.
404.104(3)(fc)(fc) “Control” — s. 407.106.
404.104(3)(fe)(fe) “Demand draft” — s. 403.104 (11).
404.104(3)(g)(g) “Good faith” — s. 403.103 (1) (d).
404.104(3)(h)(h) “Holder in due course” — s. 403.302.
404.104(3)(i)(i) “Instrument” — s. 403.104 (2).
404.104(3)(j)(j) “Notice of dishonor” — s. 403.503.
404.104(3)(k)(k) “Order” — s. 403.103 (1) (f).
404.104(3)(L)(L) “Ordinary care” — s. 403.103 (1) (g).
404.104(3)(m)(m) “Person entitled to enforce” — s. 403.301.
404.104(3)(n)(n) “Presentment” — s. 403.501 (1).
404.104(3)(p)(p) “Promise” — s. 403.103 (1) (i).
404.104(3)(q)(q) “Prove” — s. 403.103 (1) (j).
404.104(3)(r)(r) “Teller’s check” — s. 403.104 (8).
404.104(3)(s)(s) “Unauthorized signature” — s. 403.403.
404.104(4)(4) In addition, ch. 401 contains general definitions and principles of construction and interpretation applicable throughout this chapter.
404.104 HistoryHistory: 1991 a. 304 s. 51; 1995 a. 449; 2003 a. 86; 2009 a. 322.
Notes of Decisions
Cited in 5 cases, 1978–1998 · leading case: Borowski v. Firstar Bank Milwaukee, N.A., 579 N.W.2d 247 (Wis. Ct. App. 1998).
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Borowski v. Firstar Bank Milwaukee, N.A., 579 N.W.2d 247 (Wis. Ct. App. 1998). · cites it 6× “" Section 404.104(1)(g), STATS., 1991-92. The notes were thus "items" within the meaning of § 404.”
Pulaski State Bank v. Kalbe, 364 N.W.2d 162 (Wis. Ct. App. 1985). · cites it 5× “” Section 404.104(1) (i), Stats. Section 404.”
Rascar, Inc. v. Bank of Oregon, 275 N.W.2d 108 (Wis. Ct. App. 1978). · cites it 2× “because it did not report the unauthorized signature within the one-year time period required by sec.”
Schaller v. Marine Nat'l Bank of Neenah, 388 N.W.2d 645 (Wis. Ct. App. 1986). “, governing bank deposits and collections, by sec. 404.104(4), Stats. Section 401.205(1) defines a course of dealing as "a sequence of previous conduct between the parties to a particular transaction which is fairly to be regarded as establishing a common basis of understanding…”
First Wisconsin Nat'l Bank of Madison v. Stiennon (In Re Stiennon), 73 B.R. 905 (Bankr. W.D. Wis. 1987). “…(1981). 7 . Wisconsin has adopted the U.C.C. and various of its revisions. WIS.STAT. chs. 401-409. 8 . WIS.STAT. §§ 404.104(1)(g) and 404.208 (1985-86).”
Wis. Stat. § 404.104(1): 2 cases
Pulaski State Bank v. Kalbe, 364 N.W.2d 162 (Wis. Ct. App. 1985). “” Section 404.104(1) (i), Stats. Section 404.”
Rascar, Inc. v. Bank of Oregon, 275 N.W.2d 108 (Wis. Ct. App. 1978). “because it did not report the unauthorized signature within the one-year time period required by sec.”
Wis. Stat. § 404.104(1)(g): 2 cases
Borowski v. Firstar Bank Milwaukee, N.A., 579 N.W.2d 247 (Wis. Ct. App. 1998). “" Section 404.104(1)(g), STATS., 1991-92. The notes were thus "items" within the meaning of § 404.”
First Wisconsin Nat'l Bank of Madison v. Stiennon (In Re Stiennon), 73 B.R. 905 (Bankr. W.D. Wis. 1987). “…(1981). 7 . Wisconsin has adopted the U.C.C. and various of its revisions. WIS.STAT. chs. 401-409. 8 . WIS.STAT. §§ 404.104(1)(g) and 404.208 (1985-86).”
Wis. Stat. § 404.104(4): 2 cases
Schaller v. Marine Nat'l Bank of Neenah, 388 N.W.2d 645 (Wis. Ct. App. 1986). “, governing bank deposits and collections, by sec. 404.104(4), Stats. Section 401.205(1) defines a course of dealing as "a sequence of previous conduct between the parties to a particular transaction which is fairly to be regarded as establishing a common basis of understanding…”
Pulaski State Bank v. Kalbe, 364 N.W.2d 162 (Wis. Ct. App. 1985). “” Section 404.104(1) (i), Stats. Section 404.”
Wis. Stat. § 404.104(l)(g): 1 case
Borowski v. Firstar Bank Milwaukee, N.A., 579 N.W.2d 247 (Wis. Ct. App. 1998). “" Section 404.104(1)(g), STATS., 1991-92. The notes were thus "items" within the meaning of § 404.”
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