Issue and Acceptance of Payment Order | Midpage

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Code of Alabama

Part 2

Issue and Acceptance of Payment Order

7-4A-201Security Procedure.7-4A-202Authorized and Verified Payment Orders.7-4A-203Unenforceability of Certain Verified Payment Orders.7-4A-204Refund of Payment and Duty of Customer to Report with Respect to Unauthorized Payment Order.7-4A-205Erroneous Payment Orders.7-4A-206Transmission of Payment Order through Funds-Transfer or Other Communication System.7-4A-207Misdescription of Beneficiary.7-4A-208Misdescription of Intermediary Bank or Beneficiary’s Bank.7-4A-209Acceptance of Payment Order.7-4A-210Rejection of Payment Order.7-4A-211Cancellation and Amendment of Payment Order.7-4A-212Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order.