Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 3-120 — Instruments "Payable Through" Bank
N.Y. U.C.C. Law § 3-120
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 3--120. Instruments "Payable Through" Bank.
Citator
N.Y. U.C.C. Law § 3-120 — Instruments "Payable Through" Bank is in force in the current edition of the Code, and nothing recorded condemns it.
Section 3--120. Instruments "Payable Through" Bank.
An instrument which states that it is "payable through" a bank or the like designates that bank as a collecting bank to make presentment but does not of itself authorize the bank to pay the instrument.