13 Pennsylvania Consolidated Statutes Chapter 4a3 - Execution Of Sender's Payment Order By Receiving Bank

• Chapter Notes
• Section 4a301 - Execution And Execution Date
  (a) Execution.--A payment order is "executed" by the receiving bank when it issues a payment order intended to carry out the payment order received...
• Section 4a302 - Obligations Of Receiving Bank In Execution Of Payment Order
  § 4A302. Obligations of receiving bank in execution of payment order. (a) General rule.--Except as provided in subsections (b), (c) and (d), if the...
• Section 4a303 - Erroneous Execution Of Payment Order
  (a) Issuance of payment order in amount greater than amount of sender's order.--A receiving bank that: (1) executes the payment order of the sender...
• Section 4a304 - Duty Of Sender To Report Erroneously Executed Payment Order
  § 4A304. Duty of sender to report erroneously executed payment order. If the sender of a payment order that is erroneously executed as stated...
• Section 4a305 - Liability For Late Or Improper Execution Or Failure To Execute Payment Order
  § 4A305. Liability for late or improper execution or failure to execute payment order. (a) Liability for improper execution resulting in delay in payment.--If...

Last modified: October 8, 2016