Ch. 91

1996 LAWS OF MARYLAND

"PERSON ENTITLED TO ENFORCE." § 3-301.

"Presentment." § [3-504] 3-501.

"PROMISE" § 3-103.

["Protest." § 3-509.]

"PROVE." § 3-103.

["Secondary party." § 3-102.]

"TELLER'S CHECK" § 3-104.

"UNAUTHORIZED SIGNATURE." § 3-403.

[(4)](D) In addition Title 1 contains general definitions and principles of
construction and interpretation applicable throughout this title.

4-105.

In this title [ unless the context otherwise requires]:

(1) "BANK" MEANS A PERSON ENGAGED IN THE BUSINESS OF BANKING,
INCLUDING A SAVINGS BANK SAVINGS AND LOAN ASSOCIATION, CREDIT UNION, OR
TRUST COMPANY;

[(a)] (2) "Depositary bank" means the first bank to [which] TAKE an item [is
transferred for collection] even though it is also the payor bank UNLESS THE ITEM IS
PRESENTED FOR IMMEDIATE PAYMENT OVER THE COUNTER;

[(b)] (3) "Payor bank" means a bank [by which an item is payable as drawn or
accepted] THAT IS THE DRAWEE OF A DRAFT;

[(c)] (4) "Intermediary bank" means [any] A bank to which an item is
transferred in course of collection except the depositary or payor bank;

[(d)](5) "Collecting bank" means [any] A bank handling [the] AN item for
collection except the payor bank;

[(e)](6) "Presenting bank" means [any] A bank presenting an item except a
payor bank[;].

[(f) "Remitting bank" means any payor or intermediary bank remitting for an
item.]

4-106.

(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:

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