4109 - Delays.

     § 4109.  Delays.        (a)  Two-banking-day delay permitted in effort to secure     payment.--Unless otherwise instructed, a collecting bank in a     good faith effort to secure payment of a specified item drawn on     a payor other than a bank, and with or without the approval of     any person involved, may waive, modify or extend time limits     imposed or permitted by this title for a period not exceeding     two additional banking days without discharge of drawers or     indorsers or liability to its transferor or a prior party.        (b)  Delay excused by conditions beyond control of bank.--     Delay by a collecting bank or payor bank beyond time limits     prescribed or permitted by this title or by instructions is     excused if the delay is caused by interruption of communication     or computer facilities, suspension of payments by another bank,     war, emergency conditions, failure of equipment or other     circumstances beyond the control of the bank and the bank     exercises such diligence as the circumstances require.     (July 9, 1992, P.L.507, No.97, eff. one year)        1992 Amendment.  Act 97 amended and renumbered former section     4108 to present section 4109 and deleted by amendment former     section 4109.