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    • Legislation USA
    • 2021 Tennessee Code
    • Title 47 - Commercial Instruments and Transactions
    • Chapter 4A - Funds Transfers
    • Part 2 - Issue and Acceptance of Payment Order

    2021 Tennessee Code
    Chapter 4A - Funds Transfers
    Part 2 - Issue and Acceptance of Payment Order

    § 47-4A-201. Security Procedure - Security procedure” means a procedure established by agreement of a...

    § 47-4A-202. Authorized and Verified Payment Orders - The security procedure is a commercially reasonable method of providing...

    § 47-4A-203. Unenforceability of Certain Verified Payment Orders - Entrusted with duties to act for the receiving bank with...

    § 47-4A-204. Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order - the bank shall refund any payment of the payment order...

    § 47-4A-205. Erroneous Payment Orders - The following rules apply: The sender has a duty to...

    § 47-4A-207. Misdescription of Beneficiary - The following rules apply: A payment order described in subsection...

    § 47-4A-209. Acceptance of Payment Order - If notice of rejection is received by the sender after...

    § 47-4A-210. Rejection of Payment Order - Any means complying with the agreement is reasonable; and Any...

    § 47-4A-211. Cancellation and Amendment of Payment Order - If the payment order is cancelled or amended, the beneficiary's...

    § 47-4A-212. Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order - If a receiving bank fails to accept a payment order...

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