Okla. Stat. tit. 12A, § 12A-4-105: Definitions of types of banks
Where this section sits in the code
- OK Code
- 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