2010 Mississippi Code
TITLE 75 - REGULATION OF TRADE, COMMERCE AND INVESTMENTS
Chapter 4 - Uniform Commercial Code - Bank Deposits and Collections.
75-4-106 - Payable through or payable at bank; collecting bank.
§ 75-4-106. Payable through or payable at bank; collecting bank.
(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, (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.
(c) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank.
Sources: Laws, 1992, ch. 420, § 77, eff from and after January 1, 1993.
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
