☰ Revisor of Missouri

Title XXVI TRADE AND COMMERCE

Chapter 400

< > Effective - 28 Aug 1992 bottom

  400.4-105.  Bank — depositary bank — payor bank — intermediary bank — collecting bank — presenting bank. — In this article:

  (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)  "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;

  (3)  "Payor bank" means a bank that is the drawee of a draft;

  (4)  "Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank;

  (5)  "Collecting bank" means a bank handling an item for collection except the payor bank;

  (6)  "Presenting bank" means a bank presenting an item except a payor bank.

­­--------

(L. 1963 p. 503 § 4-105, A.L. 1992 S.B. 448)


---- end of effective  28 Aug 1992 ----

use this link to bookmark section  400.4-105


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House