“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. [1991 c.442 §26]
Section: Previous 74A.2110 74A.2120 74A.3010 74A.3020 74A.3030 74A.3040 74A.3050 74A.4010 74A.4020 74A.4030 74A.4040 74A.4050 74A.4060 74A.5010 74A.5020 NextLast modified: August 7, 2008