• § 11-4a-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...
• § 11-4a-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 Code Section 11-4A-209(a), the bank...
• § 11-4a-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...
• § 11-4a-304 - Duty of Sender to Report Erroneously Executed Payment Order
  If the sender of a payment order that is erroneously executed as stated in Code Section 11-4A-303 receives notification from the receiving bank that...
• § 11-4a-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 Code Section 11-4A-302 results...

Last modified: October 14, 2016