District of Columbia Code
Subtitle I - Uniform Commercial Code
Article 4A - Funds Transfers

Part 1 - Subject Matter and Definitions

§ 28:4A–101. Short title - This article may be cited as “Uniform Commercial Code —...

§ 28:4A–102. Subject matter - Except as otherwise provided in § 28:4A-108, this article applies...

§ 28:4A–103. Payment order — definitions - (a) In this article: (1) “Beneficiary” means the person to...

§ 28:4A–104. Funds transfer — definitions - In this article: (1) “Funds transfer” means the series of...

§ 28:4A–105. Other definitions - (a) In this article: (1) “Authorized account” means a deposit...

§ 28:4A–106. Time payment order is received - (a) The time of receipt of a payment order or...

§ 28:4A–107. Federal Reserve regulations and operating circulars - Regulations of the Board of Governors of the Federal Reserve...

§ 28:4A–108. Relationship to Electronic Fund Transfers Act - (a) Except as otherwise provided in subsection (b) of this...

§ 28:4A–201. Security procedure - Security procedure” means a procedure established by agreement of a...

§ 28:4A–202. Authorized and verified payment orders - (a) A payment order received by the receiving bank is...

§ 28:4A–203. Unenforceability of certain verified payment orders - (a) If an accepted payment order is not, under §...

§ 28:4A–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...

§ 28:4A–205. Erroneous payment orders - (a) If an accepted payment order was transmitted pursuant to...

§ 28:4A–206. Transmission of payment order through funds-transfer or other communication system - (a) If a payment order addressed to a receiving bank...

§ 28:4A–207. Misdescription of beneficiary - (a) Subject to subsection (b) of this section, if, in...

§ 28:4A–208. Misdescription of intermediary bank or beneficiary’s bank - (a) This subsection applies to a payment order identifying an...

§ 28:4A–209. Acceptance of payment order - (a) Subject to subsection (d) of this section, a receiving...

§ 28:4A–210. Rejection of payment order - (a) A payment order is rejected by the receiving bank...

§ 28:4A–211. Cancellation and amendment of payment order - (a) A communication of the sender of a payment order...

§ 28:4A–212. Liability and duty of receiving bank regarding unaccepted payment order - If a receiving bank fails to accept a payment order...

§ 28:4A–301. Execution and execution date - (a) A payment order is “executed” by the receiving bank...

§ 28:4A–302. Obligations of receiving bank in execution of payment order - (a) Except as provided in subsections (b) through (d) of...

§ 28:4A–303. Erroneous execution of payment order - (a) A receiving bank that (i) executes the payment order...

§ 28:4A–304. Duty of sender to report erroneously executed payment order - If the sender of a payment order that is erroneously...

§ 28:4A–305. Liability for late or improper execution or failure to execute payment order - (a) If a funds transfer is completed but execution of...

§ 28:4A–401. Payment date - Payment date” of a payment order means the day on...

§ 28:4A–402. Obligation of sender to pay receiving bank - (a) This section is subject to §§ 28:4A-205 and 28:4A-207....

§ 28:4A–403. Payment by sender to receiving bank - (a) Payment of the sender’s obligation under § 28:4A-402 to...

§ 28:4A–404. Obligation of beneficiary’s bank to pay and give notice to beneficiary - (a) Subject to §§ 28:4A-211(e), 28:4A-405(d), and 28:4A-405(e), if a...

§ 28:4A–405. Payment by beneficiary’s bank to beneficiary - (a) If the beneficiary’s bank credits an account of the...

§ 28:4A–406. Payment by originator to beneficiary; discharge of underlying obligation - (a) Subject to §§ 28:4A-211(e), 28:4A-405(d), and 28:4A-405(e), the originator...

§ 28:4A–501. Variation by agreement and effect of funds-transfer system rule - (a) Except as otherwise provided in this article, the rights...

§ 28:4A–502. Creditor process served on receiving bank; setoff by beneficiary’s bank - (a) As used in this section, “creditor process” means levy,...

§ 28:4A–503. Injunction or restraining order with respect to funds transfer - For proper cause and in compliance with applicable law, a...

§ 28:4A–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...

§ 28:4A–505. Preclusion of objection to debit of customer’s account - If a receiving bank has received payment from its customer...

§ 28:4A–506. Rate of interest - (a) If, under this article, a receiving bank is obliged...

§ 28:4A–507. Choice of law - (a) The following rules apply unless the affected parties otherwise...