Section 382-A:4-105 ""Bank''; ""Depositary Bank''; ""Payor Bank''; ""Intermediary Bank''; ""Collecting Bank''; ""Presenting Bank''.
In this Article:
(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.
Source. 1993, 346:1, eff. Jan. 1, 1994.