KRS 355.4-105: "Depositary bank" -- "Payor bank" -- "Intermediary bank" --

"Collecting bank" -- "Presenting bank."

In this article:

(1) (Reserved);

(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 the item for collection except the payor

bank; and

(6) "Presenting bank" means a bank presenting an item except a payor bank.