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39 chapters · 1,479 sections in this title.
Ohio Rev. Code Ann. § 1304.73 Payment date - UCC 4A-401
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"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 …
Ohio Rev. Code Ann. § 1304.74 Obligation of sender to pay receiving bank - UCC 4A-402
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(A) This section is subject to sections 1304.60 and 1304.62 of the Revised Code.(B) With respect to a payment order issued to the beneficiary's bank, acceptance of the order by the bank obliges the sender to pay the bank the amount of the order, but payment is not due until the p…
Ohio Rev. Code Ann. § 1304.75 Payment by sender to receiving bank - UCC 4A-403
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(A) Payment of the sender's obligation under section 1304.74 of the Revised Code to pay the receiving bank occurs as follows:(1) If the sender is a bank, payment occurs when the receiving bank receives final settlement of the obligation through a federal reserve bank or through a…
Ohio Rev. Code Ann. § 1304.76 Obligation of beneficiary's bank to pay and give notice to beneficiary - UCC 4A-404
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(A) Subject to division (E) of section 1304.66 and divisions (D) and (E) of section 1304.77 of the Revised Code, if a beneficiary's bank accepts a payment order, the bank shall pay the amount of the order to the beneficiary of the order. Payment is due on the payment date of the …