• § 11-4a-401 - 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...
• § 11-4a-402 - Obligation of Sender to Pay Receiving Bank
  (a) This section is subject to Code Sections 11-4A-205 and 11-4A-207.(b) With respect to a payment order issued to the beneficiary's bank, acceptance of...
• § 11-4a-403 - Payment by Sender to Receiving Bank
  (a) Payment of the sender's obligation under Code Section 11-4A-402 to pay the receiving bank occurs as follows: (1) If the sender is a...
• § 11-4a-404 - Obligation of Beneficiary's Bank to Pay and Give Notice to Beneficiary
  (a) Subject to Code Sections 11-4A-211(e), 11-4A-405(d), and 11-4A-405(e), if a beneficiary's bank accepts a payment order, the bank is obliged to pay the...
• § 11-4a-405 - Payment by Beneficiary's Bank to Beneficiary
  (a) If the beneficiary's bank credits an account of the beneficiary of a payment order, payment of the bank's obligation under Code Section 11-4A-404(a)...
• § 11-4a-406 - Payment by Originator to Beneficiary; Discharge of Underlying Obligation
  (a) Subject to Code Sections 11-4A-211(e), 11-4A-405(d), and 11-4A-405(e), the originator of a funds transfer pays the beneficiary of the originator's payment order (i)...

Last modified: October 14, 2016