Sec. 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, the item:
(1) designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
(2) 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.
Amended by Acts 1995, 74th Leg., ch. 921, Sec. 4, eff. Jan. 1, 1996.
Structure Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 4 - Bank Deposits and Collections
Subchapter A. General Provisions and Definitions
Section 4.103. Variation by Agreement; Measure of Damages; Action Constituting Ordinary Care
Section 4.104. Definitions and Index of Definitions
Section 4.106. Payable Through or Payable at Bank; Collecting Bank
Section 4.107. Separate Office of a Bank
Section 4.108. Time of Receipt of Items
Section 4.110. Electronic Presentment