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     Idaho Statutes

Idaho Statutes are updated to the website July 1 following the legislative session.

pecnv.out

TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER 4
UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS
PART 1.
GENERAL PROVISIONS AND DEFINITIONS
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.

History:
[28-4-105, added 1967, ch. 161, sec. 4-105, p. 351; am. 1993, ch. 288, sec. 7, p. 1056.]


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