Utah § 70A-4-106 Payable through or payable at bank -- Collecting bank.

Utah Statutes

§ 70A-4-106 — Payable through or payable at bank -- Collecting bank.

Utah·Title 70A Uniform Commercial Code·Ch. 70A-4 Uniform Commercial Code - Bank Deposits and Collections·Part 70A-4-1 General Provisions and Definitions

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

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

(1)(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:

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

(2)(b) the item may be presented for payment only by or through the bank.

(3)If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.

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

(1)(a) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
(1)(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:

(2)(a) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
(2)(b) the item may be presented for payment only by or through the bank.
(3) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.

Utah § 70A-4-106 (Payable through or payable at bank -- Collecting bank.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.