Indiana § 26-1-4-105 "Bank"; "depositary bank"; "payor bank"; "intermediary bank";
"collecting bank"; "presenting bank"

Indiana Statutes

§ 26-1-4-105 — "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"

Indiana § 26-1-4-105

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 4Bank Deposits and Collections

This text of Indiana § 26-1-4-105 ("Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-4-105 (2026).

Text

In IC 26-1-4:

(1)"Bank" means a person engaged in the business of banking, including a savings bank, savings 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 an item for collection except the payor bank.

(6)"Presenting bank" means a bank presenting an item except a payor bank. Formerly: Acts 1963, c.317, s.4-105. As amended by P.L.152-1986, SEC.210; P.L.222-1993, SEC.10; P.L.79-1998, SEC.28.

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In IC 26-1-4:
(1) "Bank" means a person engaged in the business of banking,
including a savings bank, savings 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 an item for
collection except the payor bank.
(6) "Presenting bank" means a bank presenting an item except a
payor bank.
Formerly: Acts 1963, c.317, s.4-105. As amended by
P.L.152-1986, SEC.210; P.L.222-1993, SEC.10; P.L.79-1998,
SEC.28.