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A Hypertext Publication
of

UNIFORM COMMERCIAL CODE - ARTICLE 4A
FUNDS TRANSFERS

Copyright 1978, 1987, 1988, 1990, 1991, 1992 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.

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[For Article 4A as enacted by a particular state and any proposed revisions click here.]

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PREFATORY NOTE

PART 1. SUBJECT MATTER AND DEFINITIONS

PART 2. ISSUE AND ACCEPTANCE OF PAYMENT ORDER

PART 3. EXECUTION OF SENDER'S PAYMENT ORDER BY RECEIVING BANK

PART 4. PAYMENT

PART 5. MISCELLANEOUS PROVISIONS

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PREFATORY NOTE

PART 1. SUBJECT MATTER AND DEFINITIONS

• § 4A-101. SHORT TITLE.
• § 4A-102. SUBJECT MATTER.
• § 4A-103. PAYMENT ORDER - DEFINITIONS.
• § 4A-104. FUNDS TRANSFER - DEFINITIONS.
• § 4A-105. OTHER DEFINITIONS.
• § 4A-106. TIME PAYMENT ORDER IS RECEIVED.
• § 4A-107. FEDERAL RESERVE REGULATIONS AND OPERATING CIRCULARS.
• § 4A-108. EXCLUSION OF CONSUMER TRANSACTIONS GOVERNED BY FEDERAL LAW.

PART 2. ISSUE AND ACCEPTANCE OF PAYMENT ORDER

• § 4A-201. SECURITY PROCEDURE.
• § 4A-202. AUTHORIZED AND VERIFIED PAYMENT ORDERS.
• § 4A-203. UNENFORCEABILITY OF CERTAIN VERIFIED PAYMENT ORDERS.
• § 4A-204. REFUND OF PAYMENT AND DUTY OF CUSTOMER TO REPORT WITH RESPECT TO UNAUTHORIZED PAYMENT ORDER.
• § 4A-205. ERRONEOUS PAYMENT ORDERS.
• § 4A-206. TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS-TRANSFER OR OTHER COMMUNICATION SYSTEM.
• § 4A-207. MISDESCRIPTION OF BENEFICIARY.
• § 4A-208. MISDESCRIPTION OF INTERMEDIARY BANK OR BENEFICIARY'S BANK.
• § 4A-209. ACCEPTANCE OF PAYMENT ORDER.
• § 4A-210. REJECTION OF PAYMENT ORDER.
• § 4A-211. CANCELLATION AND AMENDMENT OF PAYMENT ORDER.
• § 4A-212. LIABILITY AND DUTY OF RECEIVING BANK REGARDING UNACCEPTED PAYMENT ORDER.

PART 3. EXECUTION OF SENDER'S PAYMENT ORDER BY RECEIVING BANK

• § 4A-301. EXECUTION AND EXECUTION DATE.
• § 4A-302. OBLIGATIONS OF RECEIVING BANK IN EXECUTION OF PAYMENT ORDER.
• § 4A-303. ERRONEOUS EXECUTION OF PAYMENT ORDER.
• § 4A-304. DUTY OF SENDER TO REPORT ERRONEOUSLY EXECUTED PAYMENT ORDER.
• § 4A-305. LIABILITY FOR LATE OR IMPROPER EXECUTION OR FAILURE TO EXECUTE PAYMENT ORDER.

PART 4. PAYMENT

• § 4A-401. PAYMENT DATE.
• § 4A-402. OBLIGATION OF SENDER TO PAY RECEIVING BANK.
• § 4A-403. PAYMENT BY SENDER TO RECEIVING BANK.
• § 4A-404. OBLIGATION OF BENEFICIARY'S BANK TO PAY AND GIVE NOTICE TO BENEFICIARY.
• § 4A-405. PAYMENT BY BENEFICIARY'S BANK TO BENEFICIARY.
• § 4A-406. PAYMENT BY ORIGINATOR TO BENEFICIARY; DISCHARGE OF UNDERLYING OBLIGATION.

PART 5. MISCELLANEOUS PROVISIONS

• § 4A-501. VARIATION BY AGREEMENT AND EFFECT OF FUNDS-TRANSFER SYSTEM RULE.
• § 4A-502. CREDITOR PROCESS SERVED ON RECEIVING BANK; SETOFF BY BENEFICIARY'S BANK.
• § 4A-503. INJUNCTION OR RESTRAINING ORDER WITH RESPECT TO FUNDS TRANSFER.
• § 4A-504. ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO ACCOUNT; ORDER OF WITHDRAWALS FROM ACCOUNT.
• § 4A-505. PRECLUSION OF OBJECTION TO DEBIT OF CUSTOMER'S ACCOUNT.
• § 4A-506. RATE OF INTEREST.
• § 4A-507. CHOICE OF LAW.

© Copyright 2005 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.