§490:4A-504 Order in which items and payment orders may be charged to account; order of withdrawals from account. (a) If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that are payable from the sender's account, the bank may charge the sender's account with respect to the various orders and items in any sequence.
(b) In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied. [L 1991, c 41, pt of §1]
Section: Previous 490-4a-403 490-4a-404 490-4a-405 490-4a-406 490-4a-501 490-4a-502 490-4a-503 490-4a-504 490-4a-505 490-4a-506 490-4a-507 490-5-101-to-490-5-117 490-5-102 490-5-103 490-5-104 NextLast modified: October 27, 2016