# Commercial Law (GCL)

## Title 4. Bank Deposits and Collections

### Subtitle 1. General Provisions and Definitions

#### Section 4-105

In this title:

(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; and

(6) "Presenting bank" means a bank presenting an item except a payor bank.

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Md. Code Ann., Com. Law (as displayed at mgaleg.maryland.gov, October 16, 2026)