Iowa § 554.4105 “Bank” — “depositary bank” — “intermediary bank” — “collecting bank” — “payor bank” — “presenting bank”

Iowa Statutes

§ 554.4105 — “Bank” — “depositary bank” — “intermediary bank” — “collecting bank” — “payor bank” — “presenting bank”

Iowa § 554.4105

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.4105 (“Bank” — “depositary bank” — “intermediary bank” — “collecting bank” — “payor bank” — “presenting bank”) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.4105 (2026).

Text

“payor 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 the 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.

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“payor 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 the 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.