PAY ANY BANK

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. […]

pay any bank Read More »

Scroll to Top