§ 47.4106

47-4106. Payable through or payable at bank; collecting bank A. If an item states that it is ' payable through' a bank identified in the item: 1. The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and 2. The item may be presented for payment only by or through the bank. B. 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. 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.