Iowa Code

Iowa Code § 554.4105 (2026)

“Bank” — “depositary bank” — “intermediary bank” — “collecting bank” — “payor bank” — “presenting bank”

✓ current as of July 2026

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In this Article: 1. “Bank” means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company.\n\nTue Dec 09 22:02:41 2025 Iowa Code 2026, Chapter 554 (108, 4) §554.4105, UNIFORM COMMERCIAL CODE 86\n\n 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 the 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. 6. “Presenting bank” means a bank presenting an item except a payor bank. [C66, 71, 73, 75, 77, 79, 81, §554.4105] 94 Acts, ch 1167, §82, 122 Referred to in §554.3103, 554.4104

Notes of Decisions

Cited in 2 cases, 2003–2003 · leading case: Farm Credit Servs. of Am. v. Am. State Bank, 339 F.3d 764 (8th Cir. 2003).

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Farm Credit Servs. of Am. v. Am. State Bank, 339 F.3d 764 (8th Cir. 2003). · cites it 2× “Farm Credit argues alternatively that it is a “payor bank”, that is, "a bank that is the drawee of the draft,” as defined by Iowa Code § 554.4105 (3). We agree with the district court that, as a matter of law.”

Farm Credit Servs. v. Am. State Bank (8th Cir. 2003). · cites it 2× “4 Wells Fargo, the payable-through bank, was the paying bank for 4 Farm Credit argues alternatively that it is a “payor bank”, that is, “a bank that is the drawee of the draft,” as defined by Iowa Code § 554.4105 (3). We agree with the district court that, as a matter of law,…”

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