{"data":{"id":"us-vt/9a-v.s.a.-4-105","jurisdiction":"us-vt","citation":"9A V.S.A. § 4—105","heading":"“Bank”; “depository bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting bank”","body":"In this article:\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) “Depository 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 9A: Uniform Commercial Code","Article 004: Bank Deposits and Collections"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/004","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:54:21Z","sha256":"bbd13c6e9aafc3adb0248c0626637368af6dd1d6d843f816bb881bb2e19f414a","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-4-104","next":"us-vt/9a-v.s.a.-4-106"},"notice":"GroundRules: Original legal text. Not legal advice."}