Wrongful Dishonor Of Checks: Who Is The Bank's "Customer"?

LexisNexis (April 26, 2017, 1:48 PM EDT) -- In our prior story, we reported on a recent California case holding that an authorized signer on a corporate checking account had no individual standing to sue the bank for alleged mishandling of the deposit account, thereby allowing a third-party fraudster to milk the account of $878,000.  Only the bank's corporate "customer" had standing to file such a suit.  In the story that follows, we explore the issue of individual standing when corporate or partnership checks have been wrongfully dishonored by the bank, damaging the personal reputation of the shareholder or partner.  This is a big-dollar issue since open-ended consequential damages are collectible in wrongful dishonor actions under the UCC. ...