Part 4 Payment

This part is comprised of the following sections:
  • §8.4A-401 Payment date
  • §8.4A-402 Obligation of sender to pay receiving bank
  • §8.4A-403 Payment by sender to receiving bank
  • §8.4A-404 Obligation of beneficiary’s bank to pay and give notice to beneficiary
  • §8.4A-405 Payment by beneficiary’s bank to beneficiary
  • §8.4A-406 Payment by originator to beneficiary; discharge of underlying obligation