Code of Virginia - Title 8.4A Commercial Code - Funds Transfers - Part 1 Subject Matter And Definitions
- 8.4A-101 Short title
This title may be cited as Uniform Commercial Code-Funds Transfers. (1990, c. 9.) ...
- 8.4A-102 Subject matter
Except as otherwise provided in § 8.4A-108, this title applies to funds transfers defined in § 8.4A-104. (1990, c. 9.) ...
- 8.4A-103 Definitions: "Payment order"; "Beneficiary"; "Beneficiary's bank"; "Receiving bank"; "Send...
(a) In this title: (1) "Payment order" means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, ...
- 8.4A-104 Definitions: "Funds transfer"; "Intermediary bank"; "Originator"; "Originator's bank."
In this title: (a) "Funds transfer" means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to ...
- 8.4A-105 Other definitions
(a) In this title: (1) "Authorized account" means a deposit account of a customer in a bank designated by the customer as a source of ...
- 8.4A-106 Time payment order is received
(a) The time of receipt of a payment order or communication cancelling or amending a payment order is determined by the rules applicable to receipt ...
- 8.4A-107 Federal Reserve regulations and operating circulars
Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve Banks supersede any inconsistent provision of this ...
- 8.4A-108 Exclusion of consumer transactions governed by federal law
This title does not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act of 1978 (Title XX, ...
Last modified: April 3, 2009