Connecticut General Statutes
Title 42a - Uniform Commercial Code
Article 4A - Funds Transfers

Section 42a-4A-101. - Short title: Uniform Commercial Code–Funds Transfers. - This article may be cited as “Uniform Commercial Code–Funds Transfers”....

Section 42a-4A-102. - Subject matter. - Except as otherwise provided in section 42a-4A-108, this article applies...

Section 42a-4A-103. - Payment order; definitions. - (a) In this article: (1) “Payment order” means an instruction...

Section 42a-4A-104. - Funds transfer; definitions. - In this article: (a) “Funds transfer” means the series of...

Section 42a-4A-105. - Other definitions. - (a) In this article: (1) “Authorized account” means a deposit...

Section 42a-4A-106. - Time payment order is received. - (a) The time of receipt of a payment order or...

Section 42a-4A-107. - Federal regulations and operating circulars. - Regulations of the Board of Governors of the Federal Reserve...

Section 42a-4A-108. - Application of article to certain funds transfers governed by federal law. - (a) This article does not apply to a funds transfer...

Section 42a-4A-201. - Security procedure. - Security procedure” means a procedure established by agreement of a...

Section 42a-4A-202. - Authorized and verified payment orders. - (a) A payment order received by the receiving bank is...

Section 42a-4A-203. - Unenforceability of certain verified payment orders. - (a) If an accepted payment order is not, under subsection...

Section 42a-4A-204. - Refund of payment and duty of customer to report with respect to unauthorized payment order. - (a) If a receiving bank accepts a payment order issued...

Section 42a-4A-205. - Erroneous payment orders. - (a) If an accepted payment order was transmitted pursuant to...

Section 42a-4A-206. - Transmission of payment order through funds-transfer or other communication system. - (a) If a payment order addressed to a receiving bank...

Section 42a-4A-207. - Misdescription of beneficiary. - (a) Subject to subsection (b), if, in a payment order...

Section 42a-4A-208. - Misdescription of intermediary bank or beneficiary's bank. - (a) This subsection applies to a payment order identifying an...

Section 42a-4A-209. - Acceptance of payment order. - (a) Subject to subsection (d), a receiving bank other than...

Section 42a-4A-210. - Rejection of payment order. - (a) A payment order is rejected by the receiving bank...

Section 42a-4A-211. - Cancellation and amendment of payment order. - (a) A communication of the sender of a payment order...

Section 42a-4A-212. - Liability and duty of receiving bank regarding unaccepted payment order. - If a receiving bank fails to accept a payment order...

Section 42a-4A-301. - Execution and execution date. - (a) A payment order is “executed” by the receiving bank...

Section 42a-4A-302. - Obligations of receiving bank in execution of payment order. - (a) Except as provided in subsections (b) to (d), inclusive,...

Section 42a-4A-303. - Erroneous execution of payment order. - (a) A receiving bank that (i) executes the payment order...

Section 42a-4A-304. - Duty of sender to report erroneously executed payment order. - If the sender of a payment order that is erroneously...

Section 42a-4A-305. - Liability for late or improper execution or failure to execute payment order. - (a) If a funds transfer is completed but execution of...

Section 42a-4A-401. - Payment date. - Payment date” of a payment order means the day on...

Section 42a-4A-402. - Obligation of sender to pay receiving bank. - (a) This section is subject to sections 42a-4A-205 and 42a-4A-207....

Section 42a-4A-403. - Payment by sender to receiving bank. - (a) Payment of the sender's obligation under section 42a-4A-402 to...

Section 42a-4A-404. - Obligation of beneficiary's bank to pay and give notice to beneficiary. - (a) Subject to subsection (e) of section 42a-4A-211 and subsections...

Section 42a-4A-405. - Payment by beneficiary's bank to beneficiary. - (a) If the beneficiary's bank credits an account of the...

Section 42a-4A-406. - Payment by originator to beneficiary; discharge of underlying obligation. - (a) Subject to subsection (e) of section 42a-4A-211 and subsections...

Section 42a-4A-501. - Variation by agreement and effect of funds-transfer system rule. - (a) Except as otherwise provided in this article, the rights...

Section 42a-4A-502. - Creditor process served on receiving bank; set-off by beneficiary's bank. - (a) As used in this section, “creditor process” means levy,...

Section 42a-4A-503. - Injunction or restraining order with respect to funds transfer. - For proper cause and in compliance with applicable law, a...

Section 42a-4A-504. - Order in which items and payment orders may be charged to account; order of withdrawals from account. - (a) If a receiving bank has received more than one...

Section 42a-4A-505. - Preclusion of objection to debit of customer's account. - If a receiving bank has received payment from its customer...

Section 42a-4A-506. - Rate of interest. - (a) If, under this article, a receiving bank is obliged...

Section 42a-4A-507. - Choice of law. - (a) The following rules apply unless the affected parties otherwise...