Bank Deposits and Collections (UCC Article 4) 

New Mexico Statutes > Chapter 55 > Article 4 > § 55-4-105 - Definitions of types of banks

In this article:

(1) [Reserved];

(2) "depositary bank" means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter;

(3) "payor bank" means a bank that is the drawee of a draft;

(4) "intermediary bank" means a bank to which an item is transferred in course of collection, except the depositary or payor bank;

(5) "collecting bank" means a bank handling an item for collection except the payor bank; and

(6) "presenting bank" means a bank presenting an item, except a payor bank.

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See also:

New Mexico Statutes Chapter 55 > Article 4 - Bank Deposits and Collections

U.S. Code Provisions: Bank Deposits and Collections (UCC Article 4)

U.S. Code > Title 12 > Chapter 41 - Expedited Funds Availability

U.S. Code > Title 12 > Chapter 50 - Check Truncation

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