§ 57a-4-105

57A-4-105.'Bank'--'Collecting bank'--'Depositary bank'--'Intermediary bank'--'Payor bank'--'Presenting bank'.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. Source: SL 1994, ch 368, §4-105.