Golden Gulf, Inc. v. Amsouth Bank, N.A.

This is an appeal from a summary judgment entered in favor of AmSouth Bank, N.A. ("AmSouth"), and against Golden Gulf, Inc., and Starich, Inc. ("appellants") in the Circuit Court of Mobile County. The issues involve the application of the "Bank Deposits and Collections" chapter of the Commercial Code, particularly § 7-4-211 through -213, Ala. Code 1975, regarding whether a depositary bank has made final or only provisional settlement on an item and regarding its right to charge the item back against its depositor's account when the item is dishonored.

Richard White, Robert Underwood, and Terry…