Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-4.1 - Funds Transfers

Part 1 - Subject Matter and Definitions

Section 6A-4.1-101. - Short title. - § 6A-4.1-101. Short title. This chapter may be cited as...

Section 6A-4.1-102. - Subject matter. - § 6A-4.1-102. Subject matter. Except as otherwise provided in §...

Section 6A-4.1-103. - Payment order — Definitions. - § 6A-4.1-103. Payment order — Definitions. (a) In this chapter:...

Section 6A-4.1-104. - Funds transfer — Definitions. - § 6A-4.1-104. Funds transfer — Definitions. In this chapter: (a)...

Section 6A-4.1-105. - Other definitions. - § 6A-4.1-105. Other definitions. (a) In this chapter: (1) “Authorized...

Section 6A-4.1-106. - Time payment order is received. - § 6A-4.1-106. Time payment order is received. (a) The time...

Section 6A-4.1-107. - Federal reserve regulations and operating circulars. - § 6A-4.1-107. Federal reserve regulations and operating circulars. Regulations of...

Section 6A-4.1-108. - Exclusion of consumer transactions governed by federal law. - § 6A-4.1-108. Exclusion of consumer transactions governed by federal law....

Part 2 - Issue and Acceptance of Payment Order

Section 6A-4.1-201. - Security procedure. - § 6A-4.1-201. Security procedure. “Security procedure” means a procedure established...

Section 6A-4.1-202. - Authorized and verified payment orders. - § 6A-4.1-202. Authorized and verified payment orders. (a) A payment...

Section 6A-4.1-203. - Unenforceability of certain verified payment orders. - § 6A-4.1-203. Unenforceability of certain verified payment orders. (a) If...

Section 6A-4.1-204. - Refund of payment and duty of customer to report with respect to unauthorized payment order. - § 6A-4.1-204. Refund of payment and duty of customer to...

Section 6A-4.1-205. - Erroneous payment orders. - § 6A-4.1-205. Erroneous payment orders. (a) If an accepted payment...

Section 6A-4.1-206. - Transmission of payment order through funds — Transfer or other communication system. - § 6A-4.1-206. Transmission of payment order through funds — Transfer...

Section 6A-4.1-207. - Misdescription of beneficiary. - § 6A-4.1-207. Misdescription of beneficiary. (a) Subject to subsection (b),...

Section 6A-4.1-208. - Misdescription of intermediary bank or beneficiary’s bank. - § 6A-4.1-208. Misdescription of intermediary bank or beneficiary’s bank. (a)...

Section 6A-4.1-209. - Acceptance of payment order. - § 6A-4.1-209. Acceptance of payment order. (a) Subject to subsection...

Section 6A-4.1-210. - Rejection of payment order. - § 6A-4.1-210. Rejection of payment order. (a) A payment order...

Section 6A-4.1-211. - Cancellation and amendment of payment order. - § 6A-4.1-211. Cancellation and amendment of payment order. (a) A...

Section 6A-4.1-212. - Liability and duty of receiving bank regarding unaccepted payment order. - § 6A-4.1-212. Liability and duty of receiving bank regarding unaccepted...

Part 3 - Execution of Sender’s Payment Order by Receiving Bank

Section 6A-4.1-301. - Execution and execution date. - § 6A-4.1-301. Execution and execution date. (a) A payment order...

Section 6A-4.1-302. - Obligations of receiving bank in execution of payment order. - § 6A-4.1-302. Obligations of receiving bank in execution of payment...

Section 6A-4.1-303. - Erroneous execution of payment order. - § 6A-4.1-303. Erroneous execution of payment order. (a) A receiving...

Section 6A-4.1-304. - Duty of sender to report erroneously executed payment order. - § 6A-4.1-304. Duty of sender to report erroneously executed payment...

Section 6A-4.1-305. - Liability for late or improper execution or failure to execute payment order. - § 6A-4.1-305. Liability for late or improper execution or failure...

Part 4 - Payment

Section 6A-4.1-401. - Payment date. - § 6A-4.1-401. Payment date. “Payment date” of a payment order...

Section 6A-4.1-402. - Obligation of sender to pay receiving bank. - § 6A-4.1-402. Obligation of sender to pay receiving bank. (a)...

Section 6A-4.1-403. - Payment by sender to receiving bank. - § 6A-4.1-403. Payment by sender to receiving bank. (a) Payment...

Section 6A-4.1-404. - Obligation of beneficiary’s bank to pay and give notice to beneficiary. - § 6A-4.1-404. Obligation of beneficiary’s bank to pay and give...

Section 6A-4.1-405. - Payment by beneficiary’s bank to beneficiary. - § 6A-4.1-405. Payment by beneficiary’s bank to beneficiary. (a) If...

Section 6A-4.1-406. - Payment by originator to beneficiary — Discharge of underlying obligation. - § 6A-4.1-406. Payment by originator to beneficiary — Discharge of...

Part 5 - Miscellaneous Provisions

Section 6A-4.1-501. - Variation by agreement and effect of funds transfer system rule. - § 6A-4.1-501. Variation by agreement and effect of funds transfer...

Section 6A-4.1-502. - Creditor process served on receiving bank — Set off by beneficiary’s bank. - § 6A-4.1-502. Creditor process served on receiving bank — Set...

Section 6A-4.1-503. - Injunction or restraining order with respect to funds transfer. - § 6A-4.1-503. Injunction or restraining order with respect to funds...

Section 6A-4.1-504. - Order in which items and payment orders may be charged to account — Order of withdrawals from account. - § 6A-4.1-504. Order in which items and payment orders may...

Section 6A-4.1-505. - Preclusion of objection to debit of customer’s account. - § 6A-4.1-505. Preclusion of objection to debit of customer’s account....

Section 6A-4.1-506. - Rate of interest. - § 6A-4.1-506. Rate of interest. (a) If, under this chapter,...

Section 6A-4.1-507. - Choice of law. - § 6A-4.1-507. Choice of law. (a) The following rules apply...