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Part 1. Subject Matter and Definitions
§ 4A-101. Short title. - This Article may be cited as Uniform Commercial Code —...
§ 4A-102. Subject matter. - Except as otherwise provided in Section 4A-108, this Article applies...
§ 4A-103. Payment order — Definitions. - (a) In this Article: (1) “Payment order” means an instruction...
§ 4A-104. Funds transfer — Definitions. - In this Article: (a) “Funds transfer” means the series of...
§ 4A-105. Other definitions. - (a) In this Article: (1) “Authorized account” means a deposit...
§ 4A-106. Time payment order is received. - (a) The time of receipt of a payment order or...
§ 4A-107. Federal Reserve regulations and operating circulars. - Regulations of the Board of Governors of the Federal Reserve...
§ 4A-108. Relationship to Electronic Fund Transfer Act. - (a) Except as provided in subsection (b) of this section,...
Part 2. Issue and Acceptance of Payment Order
§ 4A-201. Security procedure. - Security procedure” means a procedure established by agreement of a...
§ 4A-202. Authorized and verified payment orders. - (a) A payment order received by the receiving bank is...
§ 4A-203. Unenforceability of certain verified payment orders. - (a) If an accepted payment order is not, under Section...
§ 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...
§ 4A-205. Erroneous payment orders. - (a) If an accepted payment order was transmitted pursuant to...
§ 4A-206. Transmission of payment order through funds-transfer or other communication system. - (a) If a payment order addressed to a receiving bank...
§ 4A-207. Misdescription of beneficiary. - (a) Subject to subsection (b), if, in a payment order...
§ 4A-208. Misdescription of intermediary bank or beneficiary's bank. - (a) This subsection applies to a payment order identifying an...
§ 4A-209. Acceptance of payment order. - (a) Subject to subsection (d), a receiving bank other than...
§ 4A-210. Rejection of payment order. - (a) A payment order is rejected by the receiving bank...
§ 4A-211. Cancellation and amendment of payment order. - (a) A communication of the sender of a payment order...
§ 4A-212. Liability and duty of receiving bank regarding unaccepted payment order. - If a receiving bank fails to accept a payment order...
Part 3. Execution of Sender’s Payment Order by Receiving Bank
§ 4A-301. Execution and execution date. - (a) A payment order is “executed” by the receiving bank...
§ 4A-302. Obligations of receiving bank in execution of payment order. - (a) Except as provided in subsections (b) through (d), if...
§ 4A-303. Erroneous execution of payment order. - (a) A receiving bank that (i) executes the payment order...
§ 4A-304. Duty of sender to report erroneously executed payment order. - If the sender of a payment order that is erroneously...
§ 4A-305. Liability for late or improper execution or failure to execute payment order. - (a) If a funds transfer is completed but execution of...
Part 4. Payment
§ 4A-401. Payment date. - Payment date” of a payment order means the day on...
§ 4A-402. Obligation of sender to pay receiving bank. - (a) This section is subject to Sections 4A-205 and 4A-207....
§ 4A-403. Payment by sender to receiving bank. - (a) Payment of the sender's obligation under Section 4A-402 to...
§ 4A-404. Obligation of beneficiary's bank to pay and give notice to beneficiary. - (a) Subject to Sections 4A-211(e), 4A-405(d), and 4A-405(e), if a...
§ 4A-405. Payment by beneficiary's bank to beneficiary. - (a) If the beneficiary's bank credits an account of the...
§ 4A-406. Payment by originator to beneficiary; discharge of underlying obligation. - (a) Subject to Sections 4A-211(e), 4A-405(d), and 4A-405(e), the originator...
Part 5. Miscellaneous Provisions
§ 4A-501. Variation by agreement and effect of funds-transfer system rule. - (a) Except as otherwise provided in this Article, the rights...
§ 4A-502. Creditor process served on receiving bank; setoff by beneficiary's bank. - (a) As used in this section, “creditor process” means levy,...
§ 4A-503. Injunction or restraining order with respect to funds transfer. - For proper cause and in compliance with applicable law, a...
§ 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...
§ 4A-505. Preclusion of objection to debit of customer's account. - If a receiving bank has received payment from its customer...
§ 4A-506. Rate of interest. - (a) If, under this Article, a receiving bank is obliged...
§ 4A-507. Choice of law. - (a) The following rules apply unless the affected parties otherwise...