History. Code 1981, § 11-4A-204 , enacted by Ga. L. 1992, p. 2685, § 4; Ga. L. 2015, p. 996, § 3B-15/SB 65; Ga. L. 2020, p. 493, § 11/SB 429.
The 2020 amendment, effective July 29, 2020, part of an Act to revise, modernize, and correct the Code, substituted “subsection” for “section” at the end of the last sentence of subsection (a).
Editor’s notes.
Ga. L. 2015, p. 996, § 1-1/SB 65, not codified by the General Assembly, provides: “(a) This Act shall be known and may be cited as the ‘Debtor-Creditor Uniform Law Modernization Act of 2015.’
“(b) To promote consistency among the states, it is the intent of the General Assembly to modernize certain existing uniform laws promulgated by the Uniform Law Commission affecting debtor and creditor rights, responsibilities, and relationships and other federally recognized laws affecting such rights, responsibilities, and relationships.
Structure Georgia Code
Part 2 - Issue and Acceptance of Payment Order
§ 11-4A-201. Security Procedure
§ 11-4A-202. Authorized and Verified Payment Orders
§ 11-4A-203. Unenforceability of Certain Verified Payment Orders
§ 11-4A-205. Erroneous Payment Orders
§ 11-4A-206. Transmission of Payment Order Through Funds-Transfer or Other Communication System
§ 11-4A-207. Misdescription of Beneficiary
§ 11-4A-208. Misdescription of Intermediary Bank or Beneficiary’s Bank
§ 11-4A-209. Acceptance of Payment Order
§ 11-4A-210. Rejection of Payment Order
§ 11-4A-211. Cancellation and Amendment of Payment Order
§ 11-4A-212. Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order