O.C.G.A. § 11-4-106 (2019)
Payable through or payable at bank; collecting bank
(a) If an item states that it is “payable through” a bank identified in the item, the item (i) designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (ii) may be presented for payment only by or through the bank.
(b) If an item states that it is “payable at” a bank identified in the item, the item (i) designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (ii) may be presented for payment only by or through the bank.
(c) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank.
History
Code 1981, § 11-4-106, enacted by Ga. L. 1996, p. 1306, § 5.
Annotations
Editor’s notes. Ga. L. 1996, p. 1306, § 5, effective July
1, 1996, renumbered former Code Section 11-4-106 as present Code Section 11-4-107 and added this Code section.
RESEARCH REFERENCES U.L.A. Uniform Commercial Code (U.L.A.) § 4106.