Part 2 Issue and Acceptance of Payment Order

This part is comprised of the following sections:
  • §8.4A-201 Security procedure
  • §8.4A-202 Authorized and verified payment orders
  • §8.4A-203 Unenforceability of certain verified payment orders
  • §8.4A-204 Refund of payment and duty of customer to report with respect to unauthorized payment order
  • §8.4A-205 Erroneous payment orders
  • §8.4A-206 Transmission of payment order through funds-transfer or other communication system
  • §8.4A-207 Misdescription of beneficiary
  • §8.4A-208 Misdescription of intermediary bank or beneficiary’s bank
  • §8.4A-209 Acceptance of payment order
  • §8.4A-210 Rejection of payment order
  • §8.4A-211 Cancellation and amendment of payment order
  • §8.4A-212 Liability and duty of receiving bank regarding unaccepted payment order