Tennessee Code Annotated
Tenn. Code Ann. § 47-4-105 (2026)
"Bank" - "Depositary bank"- "Payor bank" - "Intermediary bank" - "Collecting bank"- "Presenting bank."
✓ current as of May 2026
In this chapter:
- (1) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company.
- (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 a 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.
Acts 1963, ch. 81, § 1 (4-105); Acts 1995, ch. 397, § 3.
Notes of Decisions
Cited in 3
cases, 1997–2007 · leading case: C-Wood Lumber Co. v. Wayne Cnty. Bank, 233 S.W.3d 263 (Tenn. Ct. App. 2007).
C-Wood Lumber Co. v. Wayne Cnty. Bank, 233 S.W.3d 263 (Tenn. Ct. App. 2007). “According to Tenn.Code Ann. § 47-4-105(2), a "depositary bank” is "the first bank *273 to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter.”
Lawyers Title Ins. v. United Am. Bank of Memphis, 21 F. Supp. 2d 785 (W.D. Tenn. 1998). “” Tenn.Code Ann. § 47-4-105(a). Unlike a mere drawee bank, a depositary bank, or a collecting bank, gains an interest in the instrument to the extent that it paid funds or advanced credit against the item.”
Brown v. Fed. Sav. Bank (In Re Brown), 209 B.R. 874 (Bankr. W.D. Tenn. 1997). “§ 47-4-105(2), (3), (5). 5 . In the context of recognizing the existence of an antecedent debt, Bankruptcy Judge Lundin acknowledged, however, that a bank is a secured creditor "to the extent it gives provisional credit to its customer.”
Tenn. Code Ann. § 47-4-105(2): 2 cases
C-Wood Lumber Co. v. Wayne Cnty. Bank, 233 S.W.3d 263 (Tenn. Ct. App. 2007). “According to Tenn.Code Ann. § 47-4-105(2), a "depositary bank” is "the first bank *273 to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter.”
Brown v. Fed. Sav. Bank (In Re Brown), 209 B.R. 874 (Bankr. W.D. Tenn. 1997). “§ 47-4-105(2), (3), (5). 5 . In the context of recognizing the existence of an antecedent debt, Bankruptcy Judge Lundin acknowledged, however, that a bank is a secured creditor "to the extent it gives provisional credit to its customer.”
Tenn. Code Ann. § 47-4-105(a): 1 case
Lawyers Title Ins. v. United Am. Bank of Memphis, 21 F. Supp. 2d 785 (W.D. Tenn. 1998). “” Tenn.Code Ann. § 47-4-105(a). Unlike a mere drawee bank, a depositary bank, or a collecting bank, gains an interest in the instrument to the extent that it paid funds or advanced credit against the item.”
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