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

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.