§ 34.1-4-105 — "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting bank"

Wyoming § 34.1-4-105

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 4: BANK DEPOSITS AND COLLECTIONS

Text

(a) In this article:
(i) "Bank" means a person engaged in the business of
banking, including a savings bank, savings and loan association,
credit union, or trust company;
(ii) "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;
(iii) "Payor bank" means a bank that is the drawee of
a draft;
(iv) "Intermediary bank" means a bank to which an
item is transferred in course of collection except the
depositary or payor bank;
(v) "Collecting bank" means a bank handling an item
for collection except the payor bank;
(vi) "Presenting bank" means a bank presenting an
item except a payor bank.