damages allowed under Section 362A530, less expenses saved in consequence of the lessee’s default.” SECTION 24. Section 363103(a)(6) and (a)(13) of the 1976 Code is amended to read: means honesty in fact and the observance of “(6) ‘Good faith’ reasonable commercial standards of fair dealing ‘[Reserved]’. with respect to a fact means to meet the burden “(13) ‘Prove’ of establishing the fact (Section 361201(b)(8)).” SECTION 25. Section 364104(c) of the 1976 Code, as amended by Act 204 of 2008, is further amended to read: as provided in Section 36-7-106 and the The “(c) ‘Control’ following definitions in other chapters apply to this chapter: Section 363409. ‘Acceptance’ Section 363407. ‘Alteration’ Section 363104. ‘Cashier’s check’ of Section 363104. ‘Certificate deposit’ Section 363409. ‘Certified check’ Section 363104. ‘Check’ Section 36-3-103. ‘Good Faith’ in due Section 363302. ‘Holder course’ Section 363104. ‘Instrument’ of Section 363503. ‘Notice dishonor’ Section 363103. ‘Order’ Section 363103. ‘Ordinary care’ entitled to Section 363301. ‘Person enforce’ Section 363501. ‘Presentment’ Section 363103. ‘Promise’ Section 363103. ‘Prove’ Section 363103. ‘Record’ consumer Section 363103. ‘RemotelyCreated item’ Section 363104. ‘Teller’s check’ Section ‘Unauthorized signature’ 363403.” SECTION 26. Section 36-4-210(c) of the 1976 Code is amended to read: Receipt by a collecting bank of a final settlement for an “(c) item is a realization on its security interest in the item, accompanying documents, and proceeds. So long as the bank does
damages allowed under Section 362A530, less expenses saved in consequence of the lessee’s default.” SECTION 24. Section 363103(a)(6) and (a)(13) of the 1976 Code is amended to read: “(6) ‘Good faith’ means honesty in fact and the observance of reasonable commercial standards of fair dealing ‘[Reserved]’. “(13) ‘Prove’ with respect to a fact means to meet the burden of establishing the fact (Section 361201(b)(8)).” SECTION 25. Section 364104(c) of the 1976 Code, as amended by Act 204 of 2008, is further amended to read: “(c) ‘Control’ as provided in Section 36-7-106 and the The following definitions in other chapters apply to this chapter: ‘Acceptance’ Section 363409. ‘Alteration’ Section 363407. ‘Cashier’s check’ Section 363104. ‘Certificate of deposit’ Section 363104. ‘Certified check’ Section 363409. ‘Check’ Section 363104. ‘Good Faith’ Section 36-3-103. ‘Holder in due course’ Section 363302. ‘Instrument’ Section 363104. ‘Notice of dishonor’ Section 363503. ‘Order’ Section 363103. ‘Ordinary care’ Section 363103. ‘Person entitled to enforce’ Section 363301. ‘Presentment’ Section 363501. ‘Promise’ Section 363103. ‘Prove’ Section 363103. ‘Record’ Section 363103. ‘RemotelyCreated consumer item’ Section 363103. ‘Teller’s check’ Section 363104. ‘Unauthorized signature’ Section 363403.” SECTION 26. Section 36-4-210(c) of the 1976 Code is amended to read: “(c) Receipt by a collecting bank of a final settlement for an item is a realization on its security interest in the item, accompanying documents, and proceeds. So long as the bank does
343_20140514.docx