{"data":{"id":"us-ak/as-45.04.105","jurisdiction":"us-ak","citation":"AS 45.04.105","heading":"“Bank”; “depositary bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank.”","body":"In this chapter,\n(1) “bank” means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company;\n(2) “collecting bank” means a bank handling an item for collection except the payor bank;\n(3) “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;\n(4) “intermediary bank” means a bank to which an item is transferred in course of collection except the depositary or payor bank;\n(5) “payor bank” means a bank that is the drawee of a draft;\n(6) “presenting bank” means a bank presenting an item except a payor bank.","path":["Title 45. Trade and Commerce.","Chapter 04. Bank Deposits and Collections."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.04.105","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"ad197c07ba8bafdb485ce867aab4eadb76a91e2c80c792c7a5eda0e216bbf72c","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.04.104","next":"us-ak/as-45.04.106"},"notice":"GroundRules: Original legal text. Not legal advice."}