Iowa § 554.4106 Payable through or payable at bank — collecting bank

Iowa Statutes

§ 554.4106 — Payable through or payable at bank — collecting bank

Iowa § 554.4106

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.4106 (Payable through or payable at bank — collecting 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 § 554.4106 (2026).

Text

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

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

3.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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1. If an item states that it is “payable through” a bank identified in the item, the item
designates the bank as a collecting bank and does not by itself authorize the bank to pay the
item, and the item may be presented for payment only by or through the bank.
2. If an item states that it is “payable at” a bank identified in the item, the item designates
the bank as a collecting bank and does not by itself authorize the bank to pay the item, and
the item may be presented for payment only by or through the bank.
3. 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.