(2) If a payment order received by the beneficiary's bank identifies the beneficiary both by name and by an identifying or bank account number and the name and number identify different persons then the following rules apply:

1. (a) Except as otherwise provided in Subsection (3), the beneficiary's bank may treat the person identified by number as the beneficiary of the order if the bank does not know that the name and number refer to different persons, it may rely on the number as the proper identification of the beneficiary of the order. The beneficiary's bank need not determine whether the name and number refer to the same person.
2. (b) If the beneficiary's bank pays the person identified by name or knows that the name and number identify different persons, no person has rights as beneficiary except the person paid by the beneficiary's bank if that person was entitled to receive payment from the originator of the funds transfer. If no person has rights as beneficiary, acceptance of the order cannot occur.

(3) If the conditions listed in Subsections (3)(a), (b), and (c) are present, the rules listed in Subsections (4) and (5) apply:

1. (a) a payment order described in Subsection (2) is accepted;
2. (b) the originator's payment order described the beneficiary inconsistently by name and number; and
3. (c) the beneficiary's bank pays the person identified by number as permitted by Subsection (2)(a).

(6) In a case governed by Subsection (2)(a), if the beneficiary's bank rightfully pays the person identified by number and that person was not entitled to receive payment from the originator, the amount paid may be recovered from that person to the extent allowed by the law governing mistake and rescission as follows:

1. (a) If the originator is obliged to pay its payment order as stated in Subsection (3), the originator has the right to recover.
2. (b) If the originator is not a bank and is not obliged to pay its payment order, the originator's bank has the right to recover.