Oregon Revised Statutes Chapter 74 § 74.1060 — Payable through or payable at bank; collecting bank

Payable through or payable at bank; collecting bank. (1) If an item states that it is “payable through” a bank identified in the item: (a) The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (b) The item may be presented for payment only by or through the bank. (2) If an item states that it is “payable at” a bank identified in the item: (a) The item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item; and (b) The item may be presented for payment only by or through the bank. (3) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank. [1961 c.726 §74.1060; 1963 c.402 §2; 1993 c.545 §77]