The duty of a bank customer to discover and report unauthorized signatures is prerequisite to suitBy Timothy J. HowardCommercial Banking, Collections, and Bankruptcy, January 1999On June 1, 1998, the First District Appellate Court held that section 4-406(f) of the revised Illinois Uniform Commercial Code (hereinafter "UCC") requires a bank customer to notify its bank of unauthorized signature or alteration of an instrument within a year of the bank statement or items being made available to the customer in order for the customer to preserve its right to bring suit against the bank.
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