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Section 34.1-4-105 - "bank"; &Quot;depositary Bank"; &Quot;intermediary Bank"; &Quot;collecting Bank"; &Quot;payor Bank"; &Quot;presenting Bank".

WY Stat § 34.1-4-105 (2019) (N/A)
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34.1-4-105. "Bank"; "depositary bank"; "intermediary bank"; "collecting bank"; "payor bank"; "presenting bank".

(a) In this article:

(i) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company;

(ii) "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;

(iii) "Payor bank" means a bank that is the drawee of a draft;

(iv) "Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank;

(v) "Collecting bank" means a bank handling an item for collection except the payor bank;

(vi) "Presenting bank" means a bank presenting an item except a payor bank.

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Section 34.1-4-106 - Payable Through or Payable at Bank; Collecting Bank.