In this article:
(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 an item for collection except the payor bank;
(6) "Presenting bank" means a bank presenting an item except a payor bank.
Structure Code of Alabama
Article 4 - Bank Deposits and Collections.
Part 1 - General Provisions and Definitions.
Section 7-4-101 - Short Title.
Section 7-4-102 - Applicability.
Section 7-4-103 - Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care.
Section 7-4-104 - Definitions and Index of Definitions.
Section 7-4-106 - Payable Through or Payable at Bank; Collecting Bank.
Section 7-4-107 - Separate Office of Bank.
Section 7-4-108 - Time of Receipt of Items.
Section 7-4-110 - Electronic Presentment.
Section 7-4-111 - Statute of Limitations; Accrual of Action.