South Dakota § 57A-4-105 "Bank"--"Collecting bank"--"Depositary bank"--"Intermediary bank"--"Payor bank"--"Presenting bank".

South Dakota Statutes

§ 57A-4-105 — "Bank"--"Collecting bank"--"Depositary bank"--"Intermediary bank"--"Payor bank"--"Presenting bank".

South Dakota § 57A-4-105

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-4BANK DEPOSITS AND COLLECTIONS

This text of South Dakota § 57A-4-105 ("Bank"--"Collecting bank"--"Depositary bank"--"Intermediary bank"--"Payor bank"--"Presenting bank".) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-4-105 (2026).

Text

In this chapter:

(1)"Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company;

(2)"Collecting bank" means a bank handling an item for collection except the payor bank;

(3)"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;

(4)"Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank;

(5)"Payor bank" means a bank that is the drawee of a draft;

(6)"Presenting bank" means a bank presenting an item except a payor bank.

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In this chapter: (1) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company; (2) "Collecting bank" means a bank handling an item for collection except the payor bank; (3) "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; (4) "Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank; (5) "Payor bank" means a bank that is the drawee of a draft; (6) "Presenting bank" means a bank presenting an item except a payor bank.