404.210 Security interest of collecting bank in items, accompanying documents and proceeds.
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/wi/chapter-404/404-210A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
404.210 Security interest of collecting bank in items, accompanying documents and proceeds.
(1)A collecting bank has a security interest in an item and any accompanying documents or the proceeds of either in any of the following situations:
(a)In case of an item deposited in an account, to the extent to which credit given for the item has been withdrawn or applied.
(b)In case of an item for which it has given credit available for withdrawal as of right, to the extent of the credit given, whether or not the credit is drawn upon or there is a right of charge-back.