{"data":{"id":"us-ny/n.y.-uniform-commercial-code-law-4-105","jurisdiction":"us-ny","citation":"N.Y. Uniform Commercial Code Law § 4-105","heading":"\"Depositary Bank\"; \"Intermediary Bank\"; \"Collecting Bank\"; \"Payor Bank\"; \"Presenting Bank\"; \"Remitting Bank\"","body":"Section 4--105. \"Depositary Bank\"; \"Intermediary Bank\"; \"Collecting\n                  Bank\"; \"Payor Bank\"; \"Presenting Bank\"; \"Remitting\n                  Bank\".\n  In this Article unless the context otherwise requires:\n  (a) \"Depositary bank\" means the first bank to which an item is\ntransferred for collection even though it is also the payor bank;\n  (b) \"Payor bank\" means a bank by which an item is payable as drawn or\naccepted;\n  (c) \"Intermediary bank\" means any bank to which an item is transferred\nin course of collection except the depositary or payor bank;\n  (d) \"Collecting bank\" means any bank handling the item for collection\nexcept the payor bank;\n  (e) \"Presenting bank\" means any bank presenting an item except a payor\nbank;\n  (f) \"Remitting bank\" means any payor or intermediary bank remitting\nfor an item.","path":["Uniform Commercial Code Law","Article 4. Bank Deposits and Collections","Part 1. General Provisions and Definitions"],"source_url":"https://legislation.nysenate.gov/api/3/laws/UCC/4-105","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"d8334c291d7f19d7790c2f953c832f40e0b219bae9130ef4797d669baed11a0b","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-uniform-commercial-code-law-4-104","next":"us-ny/n.y.-uniform-commercial-code-law-4-106"},"notice":"GroundRules: Original legal text. Not legal advice."}