Section 57A-4-105 - "Bank"-"Collecting bank"-"Depositary bank"-"Intermediary bank"-"Payor bank"-"Presenting bank" In this chapter:
(1) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company;(2) "Collecting bank" means a bank handling an item for collection except the payor bank;(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;(4) "Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank;(5) "Payor bank" means a bank that is the drawee of a draft;(6) "Presenting bank" means a bank presenting an item except a payor bank. SL 1994, ch 368, § 4-105.