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Can you summarize NHRS 382-A:4-105?
UNIFORM COMMERCIAL CODE > 'Bank'; 'Depositary Bank'; 'Payor Bank'; 'Intermediary Bank'; 'Collecting Bank'; 'Presenting Bank'.
Short Summary
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. Source. 1993, 346:1, eff. Jan. 1, 1994.
Jurisdiction
New Hampshire