104.4106 - Payable through or payable at bank. - Nevada Statutes

104.4106  Payable through or payable at bank.

      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)