Section 30-4-105 - "Bank" - "depositary bank" - "intermediary bank" - "collecting bank" - "payor bank" - "presenting bank"In this chapter, unless the context otherwise requires:
(1) "bank" means any 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 an item for collection except the payor bank;(6) "presenting bank" means a bank presenting an item except a payor bank.En. Sec. 4-105, Ch. 264, L. 1963; R.C.M. 1947, 87A-4-105; amd. Sec. 158, Ch. 410, L. 1991.