Nevada Revised Statutes 104.4106 – Payable through or payable at bank
Current as of: 2023 | Check for updates
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1. If an item states that it is ‘payable through’ a bank identified in the item:
Terms Used In Nevada Revised Statutes 104.4106
- Draft: means a draft as defined in Nevada Revised Statutes 104.4104
- Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See Nevada Revised Statutes 104.4104
(a) The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and
(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, the item is equivalent to a draft drawn on the bank.