RCW 62A.4-105
169 words·~1 min read·
/wa/title-62a/chapter-62a-4/62a-4-105·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this Article:
(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)"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;
(3)"Payor bank" means a bank that is the drawee of a draft;
(4)"Intermediary bank" means a bank to which an item is transferred in course of collection except the depositary or payor bank;
(5)"Collecting bank" means a bank handling the item for collection except the payor bank;
(6)"Presenting bank" means a bank presenting an item except a payor bank.
[ 1993 c 229 s 81 ; 1965 ex.s. c 157 s 4-105. Cf. former RCW 30.52.010 ; 1955 c 33 s 30.52.010 ; prior: 1929 c 203 s 1 .]
Notes:
Recovery of attorneys' fees — Effective date — 1993 c 229: See RCW 62A.11-111 and 62A.11-112 .