Pennsylvania § 4105 "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting

Pennsylvania Statutes

§ 4105 — "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting

Pennsylvania § 4105

Title 13COMMERCIAL CODE

Ch. 41GENERAL PROVISIONS AND DEFINITIONS

This text of Pennsylvania § 4105 ("Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

13 Pa. Cons. Stat. § 4105 (2026).

Text

The following words and phrases when used in this division shall have the meanings given to them in this section:

"Bank." A person engaged in the business of banking, including a savings bank, savings and loan association, credit union or trust company.

"Collecting bank." A bank handling an item for collection except the payor bank.

"Depositary bank." 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.

"Intermediary bank." A bank to which an item is transferred in course of collection except the depositary or payor bank.

"Payor bank." A bank that is the drawee of a draft.

"Presenting bank." A bank presenting an item except a payor bank.

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The following words and phrases when used in this division shall have the meanings given to them in this section:

"Bank." A person engaged in the business of banking, including a savings bank, savings and loan association, credit union or trust company.

"Collecting bank." A bank handling an item for collection except the payor bank.

"Depositary bank." 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.

"Intermediary bank." A bank to which an item is transferred in course of collection except the depositary or payor bank.

"Payor bank." A bank that is the drawee of a draft.

"Presenting bank." A bank presenting an item except a payor bank.

Legislative History

(July 9, 1992, P.L.507, No.97, eff. one year; June 8, 2001, P.L.123, No.18, eff. July 1, 2001) 2001 Amendment.Act 18 amended the intro. par. Cross References.Section 4105 is referred to in sections 3103, 4104 of this title.