Certified check-what bank assumes by certifying check. Jackson Paper Mfg. Co. v. Commercial Nat'l Bank, 199 Ill. 151. Banks are required to use reasonable care and prudence in handling and forwarding checks for collection.

Wilson v. Carlinville Nat'l Bank, 187 Ill. 222.

A "cashier's check" given to a depositor does not withdraw the depositor's foney from the bank. The money is in the bank's possession and passes to a receiver appointed before the check is presented to the issuing bank for payment. Clark v. C. T. & T. Co., Receiver, 186 Ill. 440.

Remedy of a check holder where the bank drawing the check makes an assignment to a receiver, before the check is presented to the drawee bank,

Wyman v. Fort Dearborn Nat'l Bank, 181 Ill. 279 (284).

A check on a bank transfers the amount of it, from the drawer to the payee, at the date of its delivery to the payee as between drawer and payee-at the time of presentation as between payee and bank.

Wyman v. Fort Dearborn Nat'l Bank, 181 Ill. 279 (283).

Banks may pay checks in the order of their presentation, although one may be dated earlier than another; unless the bank has notice of such prior check.

Wyman v. Fort Dearborn Nat'l Bank, 181 Ill. 279 (284).

Where the drawer of a check owes the bank money, the bank may apply on said debt any funds on deposit to such drawer's credit at any time before the check is presented, or it has notice thereof.

Wyman v. Fort Dearborn Nat'l Bank, 181 Ill. 279 (284).

Banks are not charged with notice of the equities of a payee, of a check endorsed in blank-when.

Doppelt v. Nat'l Bank of Republic, 175 Ill. 432.

Payment of a bank check cannot be stopped by the drawer, after it has passed to a bona fide holder, where the drawer has deposits to pay it. The bank cannot refuse payment although the drawer has ordered payment stopped.

Gage Hotel Co. v. Union Nat'l Bank, 171 Ill. 531.

Bank check is a pro tanto assignment of the drawer's bank deposit.

Niblack v. Park Nat'l Bank, 169 Ill. 517.

Demand for payment of a check, made upon the president of a bank, is good where the doors of the bank were found closed during business hours.

Niblack v. Park Nat'l Bank, 169 Ill. 517.

A bank is liable to the drawer of a check where it pays out such depositor's funds on the check, the endorsement of which is a forgery of the payee's name-when.

First Nat'l Bank v. Pease, 168 Ill. 40.

A check on a bank assigns the amount named, to the payee -bank liable on action by payee.

Bank of America v. Bank of Illinois, 164 Ill. 503.

Check held by third party-failure of consideration no defense by the bank where holder had no notice.

Bank of America v. Bank of Illinois, 164 Ill. 503.

Bank guaranteeing check upon another bank for clearinghouse purposes-rights of-subrogation.

Woltz v. Nat'l Bank of Illinois, 158 Ill. 532.

The receipt by a bank of a check from the payee "for deposit" and a giving of credit to the depositor for the sum, assigns the check to the bank, subject to a charge back in case the check is not honored by the drawer.

Amer. Trust & S. Bank v. Gueder & P. Mfg. Co., 150 Ill. 336 (339). Checks payable to order are bills of exchange. Payment or acceptance by drawee estops denial of genuineness of drawer's signature-rule as to.

First Nat'l Bank v. Northwestern Bank, 152 Ill. 296.

Refusal to pay check when drawer has funds on deposit, makes bank liable for damages, though not shown specifically. Schaffner v. Ehrman, 139 Ill. 109.

A check received, stamped as paid, and entered to the credit

of the person presenting it, is paid and cannot be charged back to the original depositor.

Amer. Ex. Nat'l Bank v. Gregg, 138 Ill. 596.

Certifying a check at the request of drawee releases the drawer, even though payment is refused on subsequent presentation of the check. A certification by the drawer before delivery makes him liable for non-payment.

Met. Nat'l Bank v. Jones, 137 Ill. 634.

Banks are under duty to pay checks when presented in due form, so long as the depositor has funds. Depositor was "trustee."

State Nat'l Bank v. Reilly, 124 Ill. 464.

Banks are under no duty to take notice of memoranda entered on the face or otherwise of checks.

State Nat'l Bank v. Reilly, 124 Ill. 464.

Checks drawn by a depositor to a third person must be paid if he has funds in the bank. A debt due the bank cannot be offset against the check.

International Bank v. Jones, 119 Ill. 407. (But see 181 Ill. 279.)

The words "original" and "second unpaid" on checks or bills of exchange do not bind the bank of deposit. It may pay the first instrument presented and refuse to pay the other.

Merchants' Nat'l Bank v. Pitzinger, 118 Ill. 484.

Bank receiving a certified check as a payment or for collection may defend by showing nothing collected. Exception— where negligence is shown.

Drovers' Nat'l Bank v. Anglo.-Amer. P. & P. Co., 117 Ill. 100. Banks are liable for loss resulting from negligence in seeking to collect a check on another bank.

Drovers' Nat'l Bank v. Anglo.-Amer. P. & P. Co., 117 Ill. 100. Certifying a check renders the bank liable for the amount thereof, as upon a note or bond.

Drovers' Nat'l Bank v. Anglo.-Amer. P. & P. Co., 117 Ill. 100.

A check drawn by resident of Indiana on a bank in Illinois will be governed by the laws of Illinois.

Nat'l Bank of A. v. Ind. Banking Co., 114 Ill. 483.

A check drawn by a depositor is a transfer to the payee of the sum named, or such part of it as is on deposit. The payee may sue in his own name.

Nat'l Bank of Amer. v. Ind. Banking Co., 114 III. 483.

Check "Pay to A and B for account of C" in a check does not invalidate it.

Ridgeley Nat. Bank v. Patton, 109 Ill. 479.

A check on a bank transfers the sum named therein to the holder, who may sue the bank for same.

Springfield M. & F. Ins. Co. v. Peck, 102 Ill. 265.

Taxation of.

General rules as to the taxation of the property of private banks.

Kean & Co. v. Ayers, 2 Ill. C. C. R. 498.

Classification of private bank property separately for taxation held not invalid.

Kean & Co. v. Ayers, 2 Ill. C. C. R. 498.

Taxation of national bank stock-rules as to.

Nickerson v. Kimball, 2 Ill. C. C. R. 123.

Notice to.

Notice to cashier of a bank that bonds were deposited to be held as a special deposit is notice to the bank-when.

First Nat'l Bank v. Dunbar, 118 Ill. 625.

Liability of a bank receiving money it has notice is trust money owned by a third person.

Drovers Nat'l Bank v. O'Hara, 119 Ill. 646.

Miscellaneous rules.

Fact that a mistake was made in figures reported to guar

anty company does not show books were not examined as the bond required.

U. S. Fidelity Co. v. First Nat'l Bank, 233 III. 475.

An act permitting a bank to change its name must be submitted to referendum.

Sykes v. People, 132 Ill. 32.

A corporation authorized to receive deposit, discount notes and invest in public securities is a bank though without stockholders. Act authorizing saving societies construed.

Reed v. People, 125 Ill. 592.

Banks directed to collect drafts and hold the proceeds have no power to credit them to another account-liability for funds.

International Bank v. Ferris, 118 Ill. 465.