Montana § 30-4-110 Payable Through Or Payable At Bank -- Collecting Bank

Montana Statutes

§ 30-4-110 — Payable Through Or Payable At Bank -- Collecting Bank

Montana·Title 30 TRADE AND COMMERCE·Ch. 4 UNIFORM COMMERCIAL CODE BANK DEPOSITS AND COLLECTIONS·Part 1 General Provisions and Definitions

30-4-110 . Payable through or payable at bank -- collecting bank.

(1)If an item states that it is "payable through" a bank identified in the item:

(a)the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and

(b)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 is drawn on the bank.

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30-4-110 . Payable through or payable at bank -- collecting bank. (1) If an item states that it is "payable through" a bank identified in the item:
(a) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
(b) 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 is drawn on the bank.

Montana § 30-4-110 (Payable Through Or Payable At Bank -- Collecting Bank) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.