Arkansas Code Title 4, Subtitle 1, Chapter 4a - Funds Transfers, Part 3 - Execution of Sender's Payment Order by Receiving Bank

• § 4-4a-301 - Execution and Execution Date.
  (a) A payment order is "executed" by the receiving bank when it issues a payment order intended to carry out the payment order received...
• § 4-4a-302 - Obligations of Receiving Bank in Execution of Payment Order.
  (a) Except as provided in subsections (b) through (d), if the receiving bank accepts a payment order pursuant to § 4-4A-209(a), the bank has...
• § 4-4a-303 - Erroneous Execution of Payment Order.
  (a) A receiving bank that (i) executes the payment order of the sender by issuing a payment order in an amount greater than the...
• § 4-4a-304 - Duty of Sender to Report Erroneously Executed Payment Order.
  If the sender of a payment order that is erroneously executed as stated in § 4-4A-303 receives notification from the receiving bank that the...
• § 4-4a-305 - Liability for Late or Improper Execution or Failure to Execute Payment Order.
  (a) If a funds transfer is completed but execution of a payment order by the receiving bank in breach of § 4-4A-302 results in...

Last modified: November 15, 2016