paying bank

(C) Paying bank The term “paying bank” means— (i) the bank by which a check is payable, unless the check is payable at or through another bank and is sent to the other bank for payment or collection; or (ii) the bank at or through which a check is payable and to which the check is sent for payment or collection.

Source

12 USC § 5002(3)(C)


Scoping language

For purposes of this chapter
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