{"data":{"id":"us-sc/s.c.-code-ann.-36-4-105","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-4-105","heading":"Definitions of types of banks.","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) \"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(3) \"Payor bank\" means a bank that is the drawee of a draft;\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) \"Collecting bank\" means a bank handling an item for collection except the payor bank;\n(6) \"Presenting bank\" means a bank presenting an item except a payor bank.","path":["Title 36 - COMMERCIAL CODE","CHAPTER 4 Commercial Code—Bank Deposits and Collections","Part 1 General Terms and Definitions"],"source_url":"https://www.scstatehouse.gov/code/t36c004.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:08:19Z","sha256":"e3aa3180ce48cd08a5b4f15b8b59220610f3b7a44b20fdf26eed2397d38a1f1f","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-4-104","next":"us-sc/s.c.-code-ann.-36-4-106"},"notice":"GroundRules: Original legal text. Not legal advice."}