United States Eighth Circuit
FARM CREDIT SERVS. OF AM. v. AM. STATE BANK, 02-2641
Because the payable-through bank failed to comply with Regulation CC requirements (12 C.F.R. section 229.33(a)) and did not provide the depository bank with proper notice of nonpayment, the non-bank drawee cannot establish a basis for a wrongful claim of late return against the depository bank.
Appellate Information
- Decided 08/12/2003
- Published 08/12/2003
Judges
- MELLOY, Circuit Judge., Before WOLLMAN, HEANEY, and MELLOY, Circuit Judges.
Court
- United States Eighth Circuit
Counsel
- For Appellant:
- Steven D. Davidson, Omaha, Nebraska, for appellant.
- For Appellees:
- Edward M. Mansfield, Des Moines, Iowa, and Steven R. Jensen, Sioux City, Iowa, for appellee.