pay any bank

pay any bank. A draft indorsement that permits only banks to acquire the rights of a holder until the draft is either returned to the customer initiating collection or specially indorsed by a bank to a person who is not a bank. UCC § 4-201(b). [Cases: Banks and Banking 158; Bills and Notes 190. C.J.S. Banks and Banking §§ 322, 383, 395–397, 399, 402, 404; Bills and Notes; Letters of Credit §§ 154–155.]

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词条贡献者

译者张文，国际知名商学院金融专业，擅长翻译各种与结构性融资及衍生品诉讼相关的法律文件。