§ 45-04-105

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.