In this chapter:
The instruction does not state a condition to payment to the beneficiary other than time of payment;
The receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender; and
The instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.
If an instruction complying with subsection (a)(1) is to make more than one payment to a beneficiary, the instruction is a separate payment order with respect to each payment.
A payment order is issued when it is sent to the receiving bank.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 4A - Uniform Commercial Code-Funds Transfers
Part 1 - . Subject Matter and Definitions
§ 75-4A-103. Payment order-Definitions
§ 75-4A-104. Funds transfer-Definitions
§ 75-4A-105. Other definitions
§ 75-4A-106. Time payment order is received
§ 75-4A-107. Federal reserve regulations and operating circulars