PAY ANY BANK

pay any bank. A draft indorsement that permits only banks to acquire the rights of a holder until the draft is either returned to the customer initiating collection or specially indorsed by a bank to a person who is not a bank. UCC § 4-201(b). [Cases: Banks and Banking  158; Bills and Notes  190. C.J.S. Banks and Banking §§ 322, 383, 395–397, 399, 402, 404; Bills and Notes; Letters of Credit §§ 154–155.]

[Blacks Law 8th]