§12A-4-205.

§12A-4-205.
   
                 DEPOSITARY BANK HOLDER OF UNINDORSED ITEM
                                      
   If a customer delivers an item to a depositary bank for collection:
   
   (1) The depositary bank becomes a holder of the item at the time it
   receives the item for collection if the customer at the time of
   delivery was a holder of the item, whether or not the customer
   indorses the item, and, if the bank satisfies the other requirements
   of Section 3-302 of this title, it is a holder in due course; and
   
   (2) The depositary bank warrants to collecting banks, the payor bank
   or other payor, and the drawer that the amount of the item was paid to
   the customer or deposited to the customer's account.