Section 28-4-105 - "BANK" - "DEPOSITARY BANK" - "INTERMEDIARY BANK" - "COLLECTING BANK" - "PAYOR BANK" - "PRESENTING BANK."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) "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;(3) "Payor bank" means a bank that is the drawee of a draft;(4) "Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank;(5) "Collecting bank" means a bank handling the item for collection except the payor bank;(6) "Presenting bank" means a bank presenting an item except a payor bank.[28-4-105, added 1967, ch. 161, sec. 4-105, p. 351; am. 1993, ch. 288, sec. 7, p. 1056.]