Vermont § 105 - § 4—105.

§ 105. § 4—105.

• “Bank”; “depository bank”; “intermediary bank”; “collecting bank”; “payor bank”; “presenting
  bank” In this article: (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) “Depository 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. (Added 1993, No. 158 (Adj. Sess.), § 13, eff. Jan. 1, 1995; 2019, No. 131 (Adj. Sess.), § 11.)