Alabama § 7-4-105 “Bank”; “Depositary Bank”; “Payor Bank”; “Intermediary Bank”; “Collecting Bank”; “Presenting Bank.”

Alabama Statutes

§ 7-4-105 — “Bank”; “Depositary Bank”; “Payor Bank”; “Intermediary Bank”; “Collecting Bank”; “Presenting Bank.”

Alabama § 7-4-105

Title 7Commercial Code

Art. 4Bank Deposits and Collections

Part 1General Provisions and Definitions

This text of Alabama § 7-4-105 (“Bank”; “Depositary Bank”; “Payor Bank”; “Intermediary Bank”; “Collecting Bank”; “Presenting Bank.”) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 7-4-105 (2026).

Text

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.