North Carolina National Bank v. South Carolina National Bank

ORDER

CHAPMAN, District Judge.

This is an action to determine the accountability of the defendant, South Carolina National Bank (SCN), to the plaintiff, North Carolina National Bank (NCNB), for the full amount of a $160,000 check under the provisions of the Uniform Commercial Code (UCC). It was tried before the Court without a jury on September 9, 1976.

NCNB contends that SCN made final payment of the item under the provisions of § 10.4-213 of the South Carolina Code of Laws 1962 1 and that it retained the check beyond the “midnight deadline” and is therefore accountable to it under the…