{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.4A-212.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.4A-212.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.4A-212.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.4A-212.html"}],"law_id":69041,"edition_id":1,"section_id":69041,"structure_id":14106,"section_number":"8.4A-212","catch_line":"Liability and duty of receiving bank regarding unaccepted payment order","history":"1990, c. 9.","full_text":"If a receiving bank fails to accept a payment order that it is obliged by express agreement to accept, the bank is liable for breach of the agreement to the extent provided in the agreement or in this title, but does not otherwise have any duty to accept a payment order or, before acceptance, to take any action, or refrain from taking action, with respect to the order except as provided in this title or by express agreement. Liability based on acceptance arises only when acceptance occurs as stated in \u00a7 8.4A-209, and liability is limited to that provided in this title. A receiving bank is not the agent of the sender or beneficiary of the payment order it accepts, or of any other party to the funds transfer, and the bank owes no duty to any party to the funds transfer except as provided in this title or by express agreement.","order_by":null,"text":{"0":{"id":249921,"text":"If a receiving bank fails to accept a payment order that it is obliged by express agreement to accept, the bank is liable for breach of the agreement to the extent provided in the agreement or in this title, but does not otherwise have any duty to accept a payment order or, before acceptance, to take any action, or refrain from taking action, with respect to the order except as provided in this title or by express agreement. Liability based on acceptance arises only when acceptance occurs as stated in \u00a7 8.4A-209, and liability is limited to that provided in this title. A receiving bank is not the agent of the sender or beneficiary of the payment order it accepts, or of any other party to the funds transfer, and the bank owes no duty to any party to the funds transfer except as provided in this title or by express agreement.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14106,"edition_id":1,"name":"Issue and Acceptance of Payment Order","identifier":"2","label":"part","depth":2,"order_by":1,"parent_id":13362,"metadata":{},"date_created":"2026-06-26 03:46:53","date_modified":"2026-06-26 03:46:53","permalink":{"id":283223,"object_type":"structure","relational_id":14106,"identifier":"2","token":"8.4A\/2","url":"\/8.4A\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13362,"edition_id":1,"name":"Commercial Code \u2014 Funds Transfers","identifier":"8.4A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:42","date_modified":"2026-06-26 03:44:42","permalink":{"id":283187,"object_type":"structure","relational_id":13362,"identifier":"8.4A","token":"8.4A","url":"\/8.4A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":72906,"structure_id":14106,"section_number":"8.4A-201","catch_line":"Security procedure","url":"\/8.4A-201\/","token":"8.4A\/2\/8.4A-201","metadata":false},{"id":81942,"structure_id":14106,"section_number":"8.4A-202","catch_line":"Authorized and verified payment orders","url":"\/8.4A-202\/","token":"8.4A\/2\/8.4A-202","metadata":false},{"id":68248,"structure_id":14106,"section_number":"8.4A-203","catch_line":"Unenforceability of certain verified payment orders","url":"\/8.4A-203\/","token":"8.4A\/2\/8.4A-203","metadata":false},{"id":78010,"structure_id":14106,"section_number":"8.4A-204","catch_line":"Refund of payment and duty of customer to report with respect to unauthorized payment order","url":"\/8.4A-204\/","token":"8.4A\/2\/8.4A-204","metadata":false},{"id":77755,"structure_id":14106,"section_number":"8.4A-205","catch_line":"Erroneous payment orders","url":"\/8.4A-205\/","token":"8.4A\/2\/8.4A-205","metadata":false},{"id":64984,"structure_id":14106,"section_number":"8.4A-206","catch_line":"Transmission of payment order through funds-transfer or other communication system","url":"\/8.4A-206\/","token":"8.4A\/2\/8.4A-206","metadata":false},{"id":59923,"structure_id":14106,"section_number":"8.4A-207","catch_line":"Misdescription of beneficiary","url":"\/8.4A-207\/","token":"8.4A\/2\/8.4A-207","metadata":false},{"id":65335,"structure_id":14106,"section_number":"8.4A-208","catch_line":"Misdescription of intermediary bank or beneficiary's bank","url":"\/8.4A-208\/","token":"8.4A\/2\/8.4A-208","metadata":false},{"id":78930,"structure_id":14106,"section_number":"8.4A-209","catch_line":"Acceptance of payment order","url":"\/8.4A-209\/","token":"8.4A\/2\/8.4A-209","metadata":false},{"id":55237,"structure_id":14106,"section_number":"8.4A-210","catch_line":"Rejection of payment order","url":"\/8.4A-210\/","token":"8.4A\/2\/8.4A-210","metadata":false},{"id":85898,"structure_id":14106,"section_number":"8.4A-211","catch_line":"Cancellation and amendment of payment order","url":"\/8.4A-211\/","token":"8.4A\/2\/8.4A-211","metadata":false},{"id":69041,"structure_id":14106,"section_number":"8.4A-212","catch_line":"Liability and duty of receiving bank regarding unaccepted payment order","url":"\/8.4A-212\/","token":"8.4A\/2\/8.4A-212","metadata":false}],"previous_section":{"id":85898,"structure_id":14106,"section_number":"8.4A-211","catch_line":"Cancellation and amendment of payment order","url":"\/8.4A-211\/","token":"8.4A\/2\/8.4A-211","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.4A-212\/","history_text":"

This law was first created in 1990. The record of its establishment is cataloged in chapter 9 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1990 \u201cActs\u201d aren\u2019t available online.<\/p>","references":false,"refers_to":[{"id":78930,"section_number":"8.4A-209","catch_line":"Acceptance of payment order","order_by":null,"url":"\/8.4A-209\/"}],"permalink":{"id":283269,"object_type":"law","relational_id":69041,"identifier":"8.4A-212","token":"8.4A\/2\/8.4A-212","url":"\/8.4A-212\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.4A-212\/","token":"8.4A\/2\/8.4A-212","dublin_core":{"Title":"Liability and duty of receiving bank regarding unaccepted payment order","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.4A-212","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If a receiving bank fails to accept a payment order<\/span> that it is obliged by express agreement to accept, the bank is liable for breach of the agreement to the extent provided in the agreement or in this title, but does not otherwise have any duty to accept a payment order<\/span> or, before acceptance, to take any action, or refrain from taking action, with respect to the order<\/span> except as provided in this title or by express agreement. Liability based on acceptance arises only when acceptance occurs as stated in \u00a7 8.4A-209<\/a>, and liability is limited to that provided in this title. A receiving bank is not the agent of the sender or beneficiary of the payment order<\/span> it accepts, or of any other party<\/span> to the funds transfer<\/span>, and the bank owes no duty to any party<\/span> to the funds transfer<\/span> except as provided in this title or by express agreement.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nLIABILITY AND DUTY OF RECEIVING BANK REGARDING UNACCEPTED PAYMENT ORDER (\u00a7\n8.4A-212)\n\nIf a receiving bank fails to accept a payment order that it is obliged by\nexpress agreement to accept, the bank is liable for breach of the agreement to\nthe extent provided in the agreement or in this title, but does not otherwise\nhave any duty to accept a payment order or, before acceptance, to take any\naction, or refrain from taking action, with respect to the order except as\nprovided in this title or by express agreement. Liability based on acceptance\narises only when acceptance occurs as stated in \u00a7 8.4A-209, and liability is\nlimited to that provided in this title. A receiving bank is not the agent of the\nsender or beneficiary of the payment order it accepts, or of any other party to\nthe funds transfer, and the bank owes no duty to any party to the funds transfer\nexcept as provided in this title or by express agreement.\n\nHISTORY: 1990, c. 9.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}