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Code of Alabama

Part 4

Payment

7-4A-401Payment Date.7-4A-402Obligation of Sender to Pay Receiving Bank.7-4A-403Payment by Sender to Receiving Bank.7-4A-404Obligation of Beneficiary’s Bank to Pay and Give Notice to Beneficiary.7-4A-405Payment by Beneficiary’s Bank to Beneficiary.7-4A-406Payment by Originator to Beneficiary; Discharge of Underlying Obligation.