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55 chapters · 632 sections in this title.
13 Pa.C.S. § 4A401 Payment date
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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 …
13 Pa.C.S. § 4A402 Obligation of sender to pay receiving bank
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(a) Scope of section.--This section is subject to sections 4A205 (relating to erroneous payment orders) and 4A207 (relating to misdescription of beneficiary). (b) Payment order issued to beneficiary's bank.--With respect to a payment order issued to the beneficiary's bank, accept…
13 Pa.C.S. § 4A403 Payment by sender to receiving bank
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(a) When payment occurs.--Payment of the sender's obligation under section 4A402 (relating to obligation of sender to pay receiving bank) 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 …
13 Pa.C.S. § 4A404 Obligation of beneficiary's bank to pay and give notice to beneficiary
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(a) Obligation.--Subject to sections 4A211(e) (relating to cancellation and amendment of payment order) and 4A405(d) and (e) (relating to payment by beneficiary's bank to beneficiary), if a beneficiary's bank accepts a payment order, the bank is obliged to pay the amount of the o…
