Arizona § 47-4106 Payable through or payable at bank; collecting bank

Arizona Statutes

§ 47-4106 — Payable through or payable at bank; collecting bank

Arizona § 47-4106

Title 47Arizona Revised Statutes

Ch. 4BANK DEPOSITS AND COLLECTIONS

Art. 1General Provisions and Definitions

This text of Arizona § 47-4106 (Payable through or payable at bank; collecting bank) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-4106 (2026).

Text

A.If an item states that it is "payable through" a bank identified in the item:

1.The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and

2.The item may be presented for payment only by or through the bank.

B.If an item states that it is "payable at" a bank identified in the item, the item is equivalent to a draft drawn on the bank.

C.If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank.

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

A. If an item states that it is "payable through" a bank identified in the item:

1. The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and

2. The item may be presented for payment only by or through the bank.

B. If an item states that it is "payable at" a bank identified in the item, the item is equivalent to a draft drawn on the bank.

C. If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank.