47-4A504. 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B. In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.
Section: Previous 47-4a403 47-4a404 47-4a405 47-4a406 47-4a501 47-4a502 47-4a503 47-4a504 47-4a505 47-4a506 47-4a507 47-5101 47-5102 47-5103 47-5104 NextLast modified: October 13, 2016