§12A-4-210.

§12A-4-210.
   
                      SECURITY INTEREST OF COLLECTING
                                      
                        BANK IN ITEMS, ACCOMPANYING
                                      
                           DOCUMENTS AND PROCEEDS
                                      
   (a) A collecting bank has a security interest in an item and any
   accompanying documents or the proceeds of either:
   
   (1) In case of an item deposited in an account, to the extent to which
   credit given for the item has been withdrawn or applied;
   
   (2) 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; or
   
   (3) If it makes an advance on or against the item.
   
   (b) If credit given for several items received at one time or pursuant
   to a single agreement is withdrawn or applied in part, the security
   interest remains upon all the items, any accompanying documents or the
   proceeds of either. For the purpose of this section, credits first
   given are first withdrawn.
   
   (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 not receive final
   settlement for the item or give up possession of the item or
   accompanying documents for purposes other than collection, the
   security interest continues to that extent and is subject to Article 9
   of this title, but:
   
   (1) No security agreement is necessary to make the security interest
   enforceable (paragraph (a) of subsection (1) of Section 9-203 of this
   title);
   
   (2) No filing is required to perfect the security interest; and
   
   (3) The security interest has priority over conflicting perfected
   security interests in the item, accompanying documents, or proceeds.