Pay Any Bank Law and Legal Definition
Pay any bank refers to an item indorsed with the words “pay any bank”. If it is indorsed with such words, then only a bank may acquire the rights of a holder until the item is returned to the customer initiating collection; or specially indorsed by a bank to a person who is not a bank. [U.C.C. § 4-201]
Legal Definition list
Related Legal Terms
- Ability to Pay [Tax Law]
- Abstraction [Banking]
- Accelerated Payments
- Accommodation Maker(Banking)
- Accompanying Relative [Immigration]
- Accompanying Spouse and Dependents
- Accompanying the Armed Forces outside the United States
- Accompanying the Federal Government Outside the United States
- Accompanying Visa
- Account [Banks & Banking]