(a) To the extent that items within §§ 801-1004 of this title are also within §§ 501-755 of this title and §§ 1701-1911 of this title, they are subject to §§ 501-755 of this title and §§ 1701-1911 of this title. If there is conflict, §§ 801-1004 of this title govern §§ 501-755 of this title, but §§ 1701-1911 of this title govern §§ 801-1004 of this title.
(b) The liability of a bank for action or non-action with respect to an item handled by it for purposes of presentment, payment, or collection is governed by the law of the place where the bank is located. In the case of action or non-action by or at a branch or separate office of a bank, its liability is governed by the law of the place where the branch or separate office is located.
History —Aug. 17, 1995, No. 208, § 3-102; Aug. 31, 1996, No. 176, § 3; Sept. 19, 1996, No. 241, § 7.