Utah Code 70A-4-106. Payable through or payable at bank — Collecting bank
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(1) If an item states that it is “payable through” a bank identified in the item:
Terms Used In Utah Code 70A-4-106
- Draft: means a draft as defined in Section
70A-3-104 or an item, other than an instrument, that is an order. See Utah Code 70A-4-104 - Drawee: means a person ordered in a draft to make payment. See Utah Code 70A-4-104
- Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Utah Code 70A-4-104
(1)(a) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
(1)(b) the item may be presented for payment only by or through the bank.
(2) If an item states that it is “payable at” a bank identified in the item:
(2)(a) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
(2)(b) the item may be presented for payment only by or through the bank.
(3) 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.