§ 6A-4-106. Payable through or payable at bank: collecting bank.
(a) 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.
(b) If an item states that it is “payable at” a bank identified in the item, the item is equivalent to a draft drawn on the bank.
(c) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank.
History of Section.P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-4 - Bank Deposits and Collections
Part 1 - General Provisions and Definitions
Section 6A-4-101. - Short title.
Section 6A-4-102. - Applicability.
Section 6A-4-103. - Variation by agreement — Measure of damages — Action constituting ordinary care.
Section 6A-4-104. - Definitions and index of definitions.
Section 6A-4-106. - Payable through or payable at bank: collecting bank.
Section 6A-4-107. - Separate office of bank.
Section 6A-4-108. - Time of receipt of items.