13 Pa. C.S. § 4106

Current through P.A. Acts 2023-66
Section 4106 - Payable through or payable at bank; collecting bank
(a) "Payable through" a bank.--If an item states that it is "payable through" a bank identified in the item, the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and the item may be presented for payment only by or through the bank.
(b) "Payable at" a bank.--If an item states that it is "payable at" a bank identified in the item, the item is equivalent to a draft drawn on the bank.
(c) Draft names nonbank drawee.--If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank.

13 Pa.C.S. § 4106

1992, July 9, P.L. 507, No. 97, § 7, effective in one year.