The IT Law Wiki

Paying bank

32,085pages on
this wiki
Add New Page
Add New Page Talk0

Definition Edit

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 Edit

  1. 12 U.S.C. §5002(3)(3)(C).

Also on Fandom

Random Wiki