Me. Rev. Stat. » Title 11
Maine Revised Statutes

Me. Rev. Stat. tit. 11, § 4-105 (2026)

"Depositary bank"; "bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank"

✓ current as of May 2026
Find cases: SyfertCases citing this section ME-LEGlegislature.maine.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar
In this Article, unless the context otherwise indicates, the following terms have the following meanings.   [PL 1993, c. 293, Pt. B, §10 (AMD).]
(1).  Depositary bank. "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.  
[PL 1993, c. 293, Pt. B, §10 (AMD).]
(1-A).  Bank. "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union or trust company.  
[PL 1993, c. 293, Pt. B, §10 (NEW).]
(2).  Payor bank. "Payor bank" means a bank that is the drawee of a draft.  
[PL 1993, c. 293, Pt. B, §10 (AMD).]
(3).  Intermediary bank. "Intermediary bank" means a bank to which an item is transferred in course of collection, except the depositary or payor bank.  
[PL 1993, c. 293, Pt. B, §10 (AMD).]
(4).  Collecting bank. "Collecting bank" means a bank handling an item for collection, except the payor bank.  
[PL 1993, c. 293, Pt. B, §10 (AMD).]
(5).  Presenting bank. "Presenting bank" means a bank presenting an item except a payor bank.  
[PL 1993, c. 293, Pt. B, §10 (AMD).]
(6).  Remitting bank.  
[PL 1993, c. 293, Pt. B, §10 (RP).]
SECTION HISTORY
PL 1993, c. 293, §B10 (AMD).
The Revisor's Office cannot provide legal advice or interpretation of Maine law to the public.
If you need legal advice, please consult a qualified attorney.
Notes of Decisions
Cited in 2 cases, 1999–2015 · leading case: Maine Fam. Fed. Credit Union v. Sun Life Assurance Co., 1999 ME 43 (Me. 1999).
Sort: Relevance Newest Treatment
Maine Fam. Fed. Credit Union v. Sun Life Assurance Co., 1999 ME 43 (Me. 1999). · cites it 2× “” 11 M.R.S.A. § 4-105(1) (1995). 5 . "A customer .”
Mark Chartier v. Farm Fam. Life Ins. Co., 2015 ME 29 (Me. 2015). “” 11 M.R.S. § 4-105(1) (2014). [¶ 10] Here, the Bank is a “depositary bank” because it was the first bank to take *238 Farm Family’s check and no immediate withdrawal of funds from the check was requested.”
— Me. Rev. Stat. tit. 11, § 4-105(1) — 2 cases
Mark Chartier v. Farm Fam. Life Ins. Co., 2015 ME 29 (Me. 2015). “” 11 M.R.S. § 4-105(1) (2014). [¶ 10] Here, the Bank is a “depositary bank” because it was the first bank to take *238 Farm Family’s check and no immediate withdrawal of funds from the check was requested.”
Maine Fam. Fed. Credit Union v. Sun Life Assurance Co., 1999 ME 43 (Me. 1999). “” 11 M.R.S.A. § 4-105(1) (1995). 5 . "A customer .”
— Me. Rev. Stat. tit. 11, § 4-105(2) — 1 case
Maine Fam. Fed. Credit Union v. Sun Life Assurance Co., 1999 ME 43 (Me. 1999). “” 11 M.R.S.A. § 4-105(1) (1995). 5 . "A customer .”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.