Legislation
SECTION 4-106
Separate Office of a Bank
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 4, PART 1
Section 4--106. Separate Office of a Bank.
A branch or separate office of a bank is a separate bank for the
purpose of computing the time within which and determining the place at
or to which action may be taken or notices or orders shall be given
under this Article and under Article 3. The receipt of any notice or
order by or the knowledge of one branch or separate office of a bank is
not actual or constructive notice to or knowledge of any other branch or
office of the same bank and does not impair the right of another branch
or office to be a holder in due course of an item.
A branch or separate office of a bank is a separate bank for the
purpose of computing the time within which and determining the place at
or to which action may be taken or notices or orders shall be given
under this Article and under Article 3. The receipt of any notice or
order by or the knowledge of one branch or separate office of a bank is
not actual or constructive notice to or knowledge of any other branch or
office of the same bank and does not impair the right of another branch
or office to be a holder in due course of an item.