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55 chapters · 632 sections in this title.
13 Pa.C.S. § 4A301 Execution and execution date
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(a) Execution.--A payment order is "executed" by the receiving bank when it issues a payment order intended to carry out the payment order received by the bank. A payment order received by the beneficiary's bank can be accepted but cannot be executed. (b) Execution date.--"Execut…
13 Pa.C.S. § 4A302 Obligations of receiving bank in execution of payment order
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(a) General rule.--Except as provided in subsections (b), (c) and (d), if the receiving bank accepts a payment order pursuant to section 4A209(a) (relating to acceptance of payment order), the bank has the following obligations in executing the order: (1) The receiving bank is ob…
13 Pa.C.S. § 4A303 Erroneous execution of payment order
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(a) Issuance of payment order in amount greater than amount of sender's order.--A receiving bank that: (1) executes the payment order of the sender by issuing a payment order in an amount greater than the amount of the sender's order; or (2) issues a payment order in execution of…
13 Pa.C.S. § 4A304 Duty of sender to report erroneously executed payment order
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If the sender of a payment order that is erroneously executed as stated in section 4A303 (relating to erroneous execution of payment order) receives notification from the receiving bank that the order was executed or that the sender's account was debited with respect to the order…
