collecting bank

collecting bank

In the check-collection process, any bank handling an item for collection, except for the payor bank or the depository bank. UCC § 4-105(5). [Cases: Banks and Banking 156–163. C.J.S. Banks and Banking §§ 317, 319, 322, 327, 382–400, 402, 404, 407, 409–410, 414.]

collecting bank Read More »

Scroll to Top