In this article: “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. “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 article. “Customer” means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders. “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. “Funds-transfer system” means a wire transfer network, automated clearing house, or other communication system of a clearing house 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. Repealed. “Prove” with respect to a fact means to meet the burden of establishing the fact under § 28:1-201(b)(8) . Other definitions applying to this article and the sections in which they appear are: “Acceptance”. § 28:4A-209 “Beneficiary”. § 28:4A-103 “Beneficiary’s bank”. § 28:4A-103 “Executed”. § 28:4A-301 “Execution date”. § 28:4A-301 “Funds transfer”. § 28:4A-104 “Funds-transfer system rule”. § 28:4A-501 “Intermediary bank”. § 28:4A-104 “Originator”. § 28:4A-104 “Originator’s bank”. § 28:4A-104 “Payment by beneficiary’s bank to beneficiary”. § 28:4A-405 “Payment by originator to beneficiary”. § 28:4A-406 “Payment by sender to receiving bank”. § 28:4A-403 “Payment date”. § 28:4A-401 “Payment order”. § 28:4A-103 “Receiving bank”. § 28:4A-103 “Security procedure”. § 28:4A-201 “Sender”. § 28:4A-103 The following definitions in Article 4 apply to this article: “Clearing house”. § 28:4-104 “Item”. § 28:4-104 “Suspends payments”. § 28:4-104
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