Under the new Article 3, a depositary bank cannot become a holder of a check that is deposited by a customer without an indorsement.

Name: Under the new Article 3, a depositary bank cannot become a holder of a check that is deposited by a customer without an indorsement.
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Under the Uniform Commercial Code (UCC), a depositary bank can become a holder of a check even if it is deposited without an indorsement, as long as the bank is a holder in due course.

Under the New Article 3, a Depositary Bank Cannot Become