| Payment Date - Ucc 4a-401.

Checkout our iOS App for a better way to browser and research.

Effective: October 23, 1991

Latest Legislation: House Bill 221 - 119th General Assembly

"Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.


Download our app to see the most-to-date content.