§ 6A-4-105 - "Bank" – "Depositary bank" – "Payor bank" – "Intermediary bank" – "Collecting bank" – "Presenting bank".
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 trustcompany;
(2) "Depositary bank" means the first bank to take an itemeven though it is also the payor bank, unless the item is presented forimmediate 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 istransferred in course of collection except the depositary or payor bank;
(5) "Collecting bank" means a bank handling an item forcollection except the payor bank;
(6) "Presenting bank" means a bank presenting an item excepta payor bank.