PocketLaw | Utah Code | Issuance and Acceptance of Payment Order

Issuance and Acceptance of Payment Order

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Security procedure.

Authorized and verified payment orders.

Unenforceability of certain verified payment orders.

Refund of payment and duty of customer to report with respect to unauthorized payment order.

Erroneous payment orders.

Transmission of payment order through funds transfer or other communication system.

Misdescription of beneficiary.

Misdescription of intermediary bank or beneficiary's bank.

Acceptance of payment order.

Rejection of payment order.

Cancellation and amendment of payment order.

Liability and duty of receiving bank regarding unaccepted payment order.