47-4106. Payable through or payable at bank; collecting bank
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/az/title-47/47-4106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.