§12A-4-216.

§12A-4-216.
   
                         INSOLVENCY AND PREFERENCE
                                      
   (a) If an item is in or comes into the possession of a payor or
   collecting bank that suspends payment and the item has not been
   finally paid, the item must be returned by the receiver, trustee, or
   agent in charge of the closed bank to the presenting bank or the
   closed bank's customer.
   
   (b) If a payor bank finally pays an item and suspends payments without
   making a settlement for the item with its customer or the presenting
   bank which settlement is or becomes final, the owner of the item has a
   preferred claim against the payor bank.
   
   (c) If a payor bank gives or a collecting bank gives or receives a
   provisional settlement for an item and thereafter suspends payments,
   the suspension does not prevent or interfere with the settlement's
   becoming final if the finality occurs automatically upon the lapse of
   certain time or the happening of certain events.
   
   (d) If a collecting bank receives from subsequent parties settlement
   for an item, which settlement is or becomes final and the bank
   suspends payments without making a settlement for the item with its
   customer which settlement is or becomes final, the owner of the item
   has a preferred claim against the collecting bank.