Security Procedure
Source:
Section 4-A-201 — Security Procedure, https://www.nysenate.gov/legislation/laws/UCC/4-A-201 (updated Sep. 22, 2014; accessed Jan. 18, 2025).
4‑A‑201
Security Procedure 4‑A‑202
Authorized and Verified Payment Orders 4‑A‑203
Unenforceability of Certain Verified Payment Orders 4‑A‑204
Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order 4‑A‑205
Erroneous Payment Orders 4‑A‑206
Transmission of Payment Order Through Funds-Transfer or Other Communication System 4‑A‑207
Misdescription of Beneficiary 4‑A‑208
Misdescription of Intermediary Bank or Beneficiary’s Bank 4‑A‑209
Acceptance of Payment Order 4‑A‑210
Rejection of Payment Order 4‑A‑211
Cancellation and Amendment of Payment Order 4‑A‑212
Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order
Security Procedure 4‑A‑202
Authorized and Verified Payment Orders 4‑A‑203
Unenforceability of Certain Verified Payment Orders 4‑A‑204
Refund of Payment and Duty of Customer to Report With Respect to Unauthorized Payment Order 4‑A‑205
Erroneous Payment Orders 4‑A‑206
Transmission of Payment Order Through Funds-Transfer or Other Communication System 4‑A‑207
Misdescription of Beneficiary 4‑A‑208
Misdescription of Intermediary Bank or Beneficiary’s Bank 4‑A‑209
Acceptance of Payment Order 4‑A‑210
Rejection of Payment Order 4‑A‑211
Cancellation and Amendment of Payment Order 4‑A‑212
Liability and Duty of Receiving Bank Regarding Unaccepted Payment Order
