§ 355-4-106

355.4 -106 Payable through or payable at bank -- Collecting bank. (1) If an item states that it is 'payable through' a bank identified in the item: (a) The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (b) The item may be presented for payment only by or through the bank. (2) 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. (3) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co -drawee or a collec ting bank, the bank is a collecting bank. Effective: January 1, 1997 History: Created 1996 Ky. Acts ch. 130, sec. 77, effective January 1, 1997. History for former KRS 355.4 -106: Repealed, reenacted, renumbered as KRS 355.4 -107, and amended, 1996 Ky. Acts ch. 130, sec. 78, effective January 1, 1997. - - Amended 1964 Ky. Acts ch. 130, sec. 7, effective July 1, 1964. -- Created 1958 Ky. Acts ch. 77, sec. 4 -106, effective July 1, 1960.