2010 Georgia Code 11-4-106 Case Law
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One Click Case Law for § 11-4-106
O.C.G.A. § 11-4-105 <-- --> O.C.G.A. §11-4-107



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
PART 1 - GENERAL PROVISIONS AND DEFINITIONS
§ 11-4-106 - Payable through or payable at bank; collecting bank

O.C.G.A. 11-4-106 (2010)
11-4-106. Payable through or payable at bank; collecting bank


(a) If an item states that it is "payable through" a bank identified in the item, the item (i) designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (ii) 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, the item (i) designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (ii) 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.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com