404.105 “Bank”; “collecting bank”; “depository bank”; “intermediary bank”; “payer bank”; “presenting bank”.
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/wi/chapter-404/404-105A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
404.105 “Bank”; “collecting bank”; “depository bank”; “intermediary bank”; “payer 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 payer bank.