Statute Browser
COMMERCIAL TRANSACTIONS : Chapter 4A
101 : Short title
102 : Subject matter
103 : Payment order - definitions
104 : Funds transfer - definitions
105 : Other definitions
106 : Time payment order is received
107 : Federal Reserve regulations and operating circulars
108 : Exclusion of consumer transactions governed by federal law
201 : Security procedure
202 : Authorized and verified payment orders
203 : Unenforceability of certain verified payment orders
204 : Refund of payment and duty of customer to report with respect to unauthorized payment order
205 : Erroneous payment orders
206 : Transmission of payment order through funds-transfer or other communication system
207 : Misdescription of beneficiary
208 : Misdescription of intermediary bank or beneficiary's bank
209 : Acceptance of payment order
210 : Rejection of payment order
211 : Cancellation and amendment of payment order
212 : Liability and duty of receiving bank regarding unaccepted payment order
301 : Execution and execution date
302 : Obligations of receiving bank in execution of payment order
303 : Erroneous execution of payment order
304 : Duty of sender to report erroneously executed payment order
305 : Liability for late or improper execution or failure to execute payment order
401 : Payment date
402 : Obligation of sender to pay receiving bank
403 : Payment by sender to receiving bank
404 : Obligation of beneficiary's bank to pay and give notice to beneficiary
405 : Payment by beneficiary's bank to beneficiary
406 : Payment by originator to beneficiary; discharge of underlying obligation
501 : Variation by agreement and effect of funds-transfer system rule
502 : Creditor process served on receiving bank; set-off by beneficiary's bank
503 : Injunction or restraining order with respect to funds transfer
504 : Order in which items and payment orders may be charged to account; order of withdrawals from account
505 : Preclusion of objection to debit of customer's account
506 : Rate of interest
507 : Choice of law
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