Rhode Island General Laws
Part 1 - General Provisions and Definitions
Section 6A-4-105. - “Bank” — “Depositary bank” — “Payor bank” — “Intermediary bank” — “Collecting bank” — “Presenting bank”.

§ 6A-4-105. “Bank” — “Depositary bank” — “Payor bank” — “Intermediary bank” — “Collecting 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 an item for collection except the payor bank;
(6) “Presenting bank” means a bank presenting an item except a payor bank.
History of Section.P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.

Structure Rhode Island General Laws