Miss. Code Ann. § 75-4-105

Definitions of types of banks

Known as the Uniform Commercial Code

The act spans §§ 75–75 (480 sections).

Applied in 1 court decision — leading case Delta Chemical and Petroleum, Inc. v. Citizens Bank of Byhalia (2001)

Most recently applied in Delta Chemical and Petroleum, Inc. v. Citizens Bank of Byhalia (March 2001)

Codes, 1942, § 41A:4-105; Laws, 1966, ch. 316, § 4-105; Laws, 1992, ch. 420, § 76; Laws, 2010, ch. 506, § 28, eff from and after July 1, 2010.

In this chapter:

(1) [Reserved]

(2) “Depositary bank” means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter.

(3) “Payor bank” means a bank that is the drawee of a draft.

(4) “Intermediary bank” means a bank to which an item is transferred in course of collection except the depositary or payor bank.

(5) “Collecting bank” means a bank handling an item for collection except the payor bank.

(6) “Presenting bank” means a bank presenting an item except a payor bank.

Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.