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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-4-105: Definitions of types of banks

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Where this section sits in the code
  1. OK Code
  2. Title 12A

DEFINITIONS OF TYPES OF BANKS

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 an item for

collection except the payor bank; and

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

payor bank.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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