Section 34.1-4-105 - "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting bank"(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.