- § 11-4a-501 - Variation by Agreement and Effect of Funds-Transfer System Rule
(a) Except as otherwise provided in this article, the rights and obligations of a party to a funds transfer may be varied by agreement...
- § 11-4a-502 - Creditor Process Served on Receiving Bank; Setoff by Beneficiary's Bank
(a) As used in this section, "creditor process" means levy, attachment, garnishment, notice of lien, sequestration, or similar process issued by or on behalf...
- § 11-4a-503 - Injunction or Restraining Order With Respect to Funds Transfer
For proper cause and in compliance with applicable law, a court may restrain (i) a person from issuing a payment order to initiate a...
- § 11-4a-504 - 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...
- § 11-4a-505 - Preclusion of Objection to Debit of Customer's Account
If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as...
- § 11-4a-506 - Rate of Interest
(a) If, under this article, a receiving bank is obliged to pay interest with respect to a payment order issued to the bank, the...
- § 11-4a-507 - Choice of Law
(a) The following rules apply unless the affected parties otherwise agree or subsection (c) applies: (1) The rights and obligations between the sender of...
Last modified: October 14, 2016