TITLE 6A
Uniform Commercial Code

CHAPTER 6A-4
Bank Deposits And Collections

PART 6A-4-101
General Provisions and Definitions

SECTION 6A-4-105


§ 6A-4-105 "Bank" – "Depositary bank" – "Payor bank" – "Intermediary bank" – "Collecting bank" – "Presenting bank".

In this chapter:

(1) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company;

(2) "Depositary bank" means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter;

(3) "Payor bank" means a bank that is the drawee of a draft;

(4) "Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank;

(5) "Collecting bank" means a bank handling an item for collection except the payor bank;

(6) "Presenting bank" means a bank presenting an item except a payor bank.

History of Section.
(P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.)