12A:4A-401. Payment date
12A: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 bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.
L.1994,c.114,s.2.
Section: Previous 12a-4a-211 12a-4a-212 12a-4a-301 12a-4a-302 12a-4a-303 12a-4a-304 12a-4a-305 12a-4a-401 12a-4a-402 12a-4a-403 12a-4a-404 12a-4a-405 12a-4a-406 12a-4a-501 12a-4a-502 Next
Last modified: October 11, 2016