2017 Maryland Code
Commercial Law
Title 4 - Bank Deposits and Collections
Subtitle 1 - General Provisions and Definitions
§ 4-106. Payable through or payable at bank; collecting bank

Universal Citation: MD Comm L Code § 4-106 (2017)
  • (a) If an item states that it is "payable through" a bank identified in the item, (i) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (ii) the item may be presented for payment only by or through the bank.
  • (b) If an item states that it is "payable at" a bank identified in the item:
    • (1) The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
    • (2) The item may be presented for payment only by or through the bank.
  • (c) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.
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