Idaho § 28-4-105 “BANK” — “DEPOSITARY BANK” — “INTERMEDIARY BANK” — “COLLECTING BANK” — “PAYOR BANK” — “PRESENTING BANK.”

Idaho Statutes

§ 28-4-105 — “BANK” — “DEPOSITARY BANK” — “INTERMEDIARY BANK” — “COLLECTING BANK” — “PAYOR BANK” — “PRESENTING BANK.”

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 1. GENERAL PROVISIONS AND DEFINITIONS·Ch. 4 UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS

"Bank" — "Depositary bank" — "Intermediary bank" — "Collecting bank" — "Payor bank" — "Presenting bank." In this chapter:

(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 the 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

"Bank" — "Depositary bank" — "Intermediary bank" — "Collecting bank" — "Payor bank" — "Presenting bank." In this chapter:
(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 the item for collection except the payor bank;
(6) "Presenting bank" means a bank presenting an item except a payor bank.

Idaho § 28-4-105 (“BANK” — “DEPOSITARY BANK” — “INTERMEDIARY BANK” — “COLLECTING BANK” — “PAYOR BANK” — “PRESENTING BANK.”) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.