Definition[]
The paying bank is
| “ | (i) the bank by which a check is payable, unless the check is payable at or through another bank and is sent to the other bank for payment or collection; or
(ii) the bank at or through which a check is payable and to which the check is sent for payment or collection.[1] |
” |
References[]
- ↑ 12 U.S.C. §5002(3)(3)(C).