™Your Policy Risk Impact Agent
55 chapters · 632 sections in this title.
13 Pa.C.S. § 4A201 Security procedure
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"Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of: (1) verifying that a payment order or communication amending or canceling a payment order is that of the customer; or (2) detecting error in the transmission or …
13 Pa.C.S. § 4A202 Authorized and verified payment orders
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(a) Authorized payment order.--A payment order received by the receiving bank is the authorized order of the person identified as sender if that person authorized the order or is otherwise bound by it under the law of agency. (b) Verified payment order.--If a bank and its custome…
13 Pa.C.S. § 4A203 Unenforceability of certain verified payment orders
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(a) General rule.--If an accepted payment order is not, under section 4A202(a) (relating to authorized and verified payment orders), an authorized order of a customer identified as sender, but is effective as an order of the customer pursuant to section 4A202(b), the following ru…
13 Pa.C.S. § 4A204 § 4A204
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(a) General rule.--If a receiving bank accepts a payment order issued in the name of its customer as sender which is not authorized and not effective as the order of the customer under section 4A202 (relating to authorized and verified payment orders) or not enforceable, in whole…
