Florida Statutes Part III - Execution Of Sender’s Payment Order By Receiving Bank (Ss. 670.301-670.305)

• 670.301 - Execution And Execution Date.
  (1) A payment order is “executed” by the receiving bank when it issues a payment order intended to carry out the payment order received by the...
• 670.302 - Obligations Of Receiving Bank In Execution Of Payment Order.
  (1) Except as provided in subsections (2)-(4), if the receiving bank accepts a payment order pursuant to s. 670.209(1), the bank has the following obligations in...
• 670.303 - Erroneous Execution Of Payment Order.
  (1) A receiving bank that executes the payment order of the sender by issuing a payment order in an amount greater than the amount of the...
• 670.304 - Duty Of Sender To Report Erroneously Executed Payment Order.
  If the sender of a payment order that is erroneously executed as stated in s. 670.303 receives notification from the receiving bank that the order...
• 670.305 - Liability For Late Or Improper Execution Or Failure To Execute Payment Order.
  (1) If a funds transfer is completed but execution of a payment order by the receiving bank in breach of s. 670.302 results in delay in...

Last modified: September 23, 2016