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Title XXVI TRADE AND COMMERCE

Chapter 400

previous next Effective - 28 Aug 1992bottom

  400.4A-401.  Payment date. — "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.

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(L. 1992 S.B. 448)


---- end of effective   28 Aug 1992 ----

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