§ 4-105 — "Depositary Bank"; "Intermediary Bank"; "Collecting Bank"; "Payor Bank"; "Presenting Bank"; "Remitting Bank"

Section 4--105. "Depositary Bank"; "Intermediary Bank"; "Collecting\n Bank"; "Payor Bank"; "Presenting Bank"; "Remitting\n Bank".\n In this Article unless the context otherwise requires:\n (a) "Depositary bank" means the first bank to which an item is\ntransferred for collection even though it is also the payor bank;\n (b) "Payor bank" means a bank by which an item is payable as drawn or\naccepted;\n (c) "Intermediary bank" means any bank to which an item is transferred\nin course of collection except the depositary or payor bank;\n (d) "Collecting bank" means any bank handling the item for collection\nexcept the payor bank;\n (e) "Presenting bank" means any bank presenting an item except a payor\nbank;\n (f) "Remitting bank" means any payor or intermediary bank remitting\nfor an item.\n