Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS |
CHAPTER104. Uniform Commercial Code—Original Articles |
ARTICLE4. BANK DEPOSITS AND COLLECTIONS |
PART1. General Provisions and Definitions |
NRS104.4106. Payable through or payable at bank.
Latest version.
-
1. If an item states that it is “payable through” a bank identified in the item:
(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.
(Added to NRS by 1993, 1248)