28-4-106. PAYABLE THROUGH OR PAYABLE AT BANK — COLLECTING BANK. (1) If an item states that it is "payable through" a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through the bank.
(2) If an item states that it is "payable at" a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through the bank.
(3) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.
History:
[28-4-106, added 1993, ch. 288, sec. 8, p. 1056.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 4 - UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS
Part 1 - GENERAL PROVISIONS AND DEFINITIONS
Section 28-4-101 - SHORT TITLE.
Section 28-4-102 - APPLICABILITY.
Section 28-4-104 - DEFINITIONS AND INDEX OF DEFINITIONS.
Section 28-4-106 - PAYABLE THROUGH OR PAYABLE AT BANK — COLLECTING BANK.
Section 28-4-107 - SEPARATE OFFICE OF A BANK.
Section 28-4-108 - TIME OF RECEIPT OF ITEMS.