(a) In this Chapter: (1) "Authorized account" means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account. (2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this chapter. (3) "Customer" means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders. (4) "Funds-transfer business day" of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders. (5) "Funds-transfer system" means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed. (6) [Reserved.] (7) "Prove" with respect to a fact means to meet the burden of establishing the fact (§ 4-1-201(b)(8) ). (b) Other definitions applying to this chapter and the sections in which they appear are: "Acceptance". Section 4-4A-209 . "Beneficiary". Section 4-4A-103 . "Beneficiary's bank". Section 4-4A-103 . "Executed". Section 4-4A-301 . "Execution date". Section 4-4A-301 . "Funds transfer". Section 4-4A-104 . "Funds-transfer system rule". Section 4-4A-501 . "Intermediary bank". Section 4-4A-104 . "Originator". Section 4-4A-104 . "Originator's bank". Section 4-4A-104 . "Payment by beneficiary's bank to beneficiary". Section 4-4A-405 . "Payment by originator to beneficiary". Section 4-4A-406 . "Payment by sender to receiving bank". Section 4-4A-403 . "Payment date". Section 4-4A-401 . "Payment order". Section 4-4A-103 . "Receiving bank". Section 4-4A-103 . "Security procedure". Section 4-4A-201 . "Sender". Section 4-4A-103 . (c) The following definitions in Chapter 4 apply to this chapter: "Clearinghouse". Section 4-4-104 . "Item". Section 4-4-104 . "Suspends payments". Section 4-4-104 . (d) In addition Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter. Acts 1991, No. 540, § 1; 2005, No. 856, § 51. (a) In this Chapter: (1) "Authorized account" means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account. (2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this chapter. (3) "Customer" means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders. (4) "Funds-transfer business day" of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders. (5) "Funds-transfer system" means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed. (6) [Reserved.] (7) "Prove" with respect to a fact means to meet the burden of establishing the fact (§ 4-1-201(b)(8) ). (b) Other definitions applying to this chapter and the sections in which they appear are: "Acceptance". Section 4-4A-209 . "Beneficiary". Section 4-4A-103 . "Beneficiary's bank". Section 4-4A-103 . "Executed". Section 4-4A-301 . "Execution date". Section 4-4A-301 . "Funds transfer". Section 4-4A-104 . "Funds-transfer system rule". Section 4-4A-501 . "Intermediary bank". Section 4-4A-104 . "Originator". Section 4-4A-104 . "Originator's bank". Section 4-4A-104 . "Payment by beneficiary's bank to beneficiary". Section 4-4A-405 . "Payment by originator to beneficiary". Section 4-4A-406 . "Payment by sender to receiving bank". Section 4-4A-403 . "Payment date". Section 4-4A-401 . "Payment order". Section 4-4A-103 . "Receiving bank". Section 4-4A-103 . "Security procedure". Section 4-4A-201 . "Sender". Section 4-4A-103 . (c) The following definitions in Chapter 4 apply to this chapter: "Clearinghouse". Section 4-4-104 . "Item". Section 4-4-104 . "Suspends payments". Section 4-4-104 . (d) In addition Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter. Acts 1991, No. 540, § 1; 2005, No. 856, § 51. (a) In this Chapter: (1) "Authorized account" means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account. (2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this chapter. (3) "Customer" means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders. (4) "Funds-transfer business day" of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders. (5) "Funds-transfer system" means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed. (6) [Reserved.] (7) "Prove" with respect to a fact means to meet the burden of establishing the fact (§ 4-1-201(b)(8) ). (b) Other definitions applying to this chapter and the sections in which they appear are: "Acceptance". Section 4-4A-209 . "Beneficiary". Section 4-4A-103 . "Beneficiary's bank". Section 4-4A-103 . "Executed". Section 4-4A-301 . "Execution date". Section 4-4A-301 . "Funds transfer". Section 4-4A-104 . "Funds-transfer system rule". Section 4-4A-501 . "Intermediary bank". Section 4-4A-104 . "Originator". Section 4-4A-104 . "Originator's bank". Section 4-4A-104 . "Payment by beneficiary's bank to beneficiary". Section 4-4A-405 . "Payment by originator to beneficiary". Section 4-4A-406 . "Payment by sender to receiving bank". Section 4-4A-403 . "Payment date". Section 4-4A-401 . "Payment order". Section 4-4A-103 . "Receiving bank". Section 4-4A-103 . "Security procedure". Section 4-4A-201 . "Sender". Section 4-4A-103 . (c) The following definitions in Chapter 4 apply to this chapter: "Clearinghouse". Section 4-4-104 . "Item". Section 4-4-104 . "Suspends payments". Section 4-4-104 . (d) In addition Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter. Acts 1991, No. 540, § 1; 2005, No. 856, § 51. (a) In this Chapter: (1) "Authorized account" means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account. (2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this chapter. (3) "Customer" means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders. (4) "Funds-transfer business day" of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders. (5) "Funds-transfer system" means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed. (6) [Reserved.] (7) "Prove" with respect to a fact means to meet the burden of establishing the fact (§ 4-1-201(b)(8) ). (1) "Authorized account" means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account. (2) "Bank" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this chapter. (3) "Customer" means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders. (4) "Funds-transfer business day" of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders. (5) "Funds-transfer system" means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed. (6) [Reserved.] (7) "Prove" with respect to a fact means to meet the burden of establishing the fact (§ 4-1-201(b)(8) ). (b) Other definitions applying to this chapter and the sections in which they appear are: "Acceptance". Section 4-4A-209 . "Beneficiary". Section 4-4A-103 . "Beneficiary's bank". Section 4-4A-103 . "Executed". Section 4-4A-301 . "Execution date". Section 4-4A-301 . "Funds transfer". Section 4-4A-104 . "Funds-transfer system rule". Section 4-4A-501 . "Intermediary bank". Section 4-4A-104 . "Originator". Section 4-4A-104 . "Originator's bank". Section 4-4A-104 . "Payment by beneficiary's bank to beneficiary". Section 4-4A-405 . "Payment by originator to beneficiary". Section 4-4A-406 . "Payment by sender to receiving bank". Section 4-4A-403 . "Payment date". Section 4-4A-401 . "Payment order". Section 4-4A-103 . "Receiving bank". Section 4-4A-103 . "Security procedure". Section 4-4A-201 . "Sender". Section 4-4A-103 . "Acceptance". Section 4-4A-209 . "Beneficiary". Section 4-4A-103 . "Beneficiary's bank". Section 4-4A-103 . "Executed". Section 4-4A-301 . "Execution date". Section 4-4A-301 . "Funds transfer". Section 4-4A-104 . "Funds-transfer system rule". Section 4-4A-501 . "Intermediary bank". Section 4-4A-104 . "Originator". Section 4-4A-104 . "Originator's bank". Section 4-4A-104 . "Payment by beneficiary's bank to beneficiary". Section 4-4A-405 . "Payment by originator to beneficiary". Section 4-4A-406 . "Payment by sender to receiving bank". Section 4-4A-403 . "Payment date". Section 4-4A-401 . "Payment order". Section 4-4A-103 . "Receiving bank". Section 4-4A-103 . "Security procedure". Section 4-4A-201 . "Sender". Section 4-4A-103 . (c) The following definitions in Chapter 4 apply to this chapter: "Clearinghouse". Section 4-4-104 . "Item". Section 4-4-104 . "Suspends payments". Section 4-4-104 . "Clearinghouse". Section 4-4-104 . "Item". Section 4-4-104 . "Suspends payments". Section 4-4-104 . (d) In addition Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter. Acts 1991, No. 540, § 1; 2005, No. 856, § 51.
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