Colorado § 4-4-106 Payable through or payable at bank - collecting bank

Colorado Statutes

§ 4-4-106 — Payable through or payable at bank - collecting bank

Colorado·Title 04 Uniform·Art. Bank Deposits and Collections

(a)If an item states that it is payable through a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) 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, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through 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.

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(a) If an
item states that it is payable through a bank identified in the item, (i) the item
designates the bank as a collecting bank and does not by itself authorize the bank
to pay the item, and (ii) 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, (i) the
item designates the bank as a collecting bank and does not by itself authorize the
bank to pay the item, and (ii) the item may be presented for payment only by or
through 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.

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