47-4A401. Payment date
" Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.
Section: Previous 47-4a211 47-4a212 47-4a301 47-4a302 47-4a303 47-4a304 47-4a305 47-4a401 47-4a402 47-4a403 47-4a404 47-4a405 47-4a406 47-4a501 47-4a502 NextLast modified: October 13, 2016