30-4-110. Payable through or payable at bank -- collecting bank.
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/mt/title-30/chapter-4/part-1/30-4-110·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
30-4-110 . 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 drawn on the bank.