depositary bank
The first bank to which an item is transferred for collection. UCC § 4-105(2). [Cases: Banks and Banking 120, 121, 137, 158. C.J.S. Banks and Banking §§ 272–276, 322, 328, 330, 383, 395–397, 399, 402, 404.]
The first bank to which an item is transferred for collection. UCC § 4-105(2). [Cases: Banks and Banking 120, 121, 137, 158. C.J.S. Banks and Banking §§ 272–276, 322, 328, 330, 383, 395–397, 399, 402, 404.]