Conn. Gen. Stat. § 42a-4-201
This is the official text of Conn. Gen. Stat. § 42a-4-201, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 42a-4-201. Status of collecting bank as agent and provisional status of credits. Applicability of article. Item endorsed “pay any bank”.
Official statutory text
(b) After an item has been endorsed with the words “pay any bank” or the like, only a bank may acquire the rights of a holder until the item has been: (1) Returned to the customer initiating collection; or (2) specially endorsed by a bank to a person who is not a bank.
Former Subsec. (1) to be construed harmoniously with Sec. 42a-4-208 (1). 33 CS 641.
Former Subsec. (1) to be construed harmoniously with Sec. 42a-4-208 (1). 33 CS 641.
Status: in_force · Read it on the official government site
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