{"data":{"id":"us-ky/krs-355.4-205","jurisdiction":"us-ky","citation":"KRS 355.4-205","heading":"Depositary bank holder of unindorsed item.","body":"If a customer delivers an item to a depositary bank for collection:\n(1) The depositary bank becomes a holder of the item at the time it receives the item for\ncollection if the customer at the time of delivery was a holder of the item, whether\nor not the cu stomer indorses the item, and, if the bank satisfies the other\nrequirements of KRS 355.3-302, it is a holder in due course; and\n(2) The depositary bank warrants to collecting banks, the payor bank or other payor,\nand the drawer that the amount of the item was paid to the customer or deposited to\nthe customer's account.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33529","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"dc3e0e4fb471f468f966400966abdd8339a96ae19115f73f145a179f2ce02143","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.4-204","next":"us-ky/krs-355.4-206"},"notice":"GroundRules: Original legal text. Not legal advice."}