™Your Policy Risk Impact Agent
55 chapters · 632 sections in this title.
13 Pa.C.S. § 4A501 Variation by agreement and effect of funds-transfer system rule
1.4K chars
(a) Variation by agreement.--Except as otherwise provided in this division, the rights and obligations of a party to a funds transfer may be varied by agreement of the affected party. (b) Effect of funds-transfer system rule.--"Funds-transfer system rule" means a rule of an assoc…
13 Pa.C.S. § 4A502 Creditor process served on receiving bank; setoff by beneficiary's bank
2.2K chars
(a) Definition.--As used in this section, the term "creditor process" means levy, attachment, garnishment, notice of lien, sequestration or similar process issued by or on behalf of a creditor or other claimant with respect to an account. (b) Creditor process served on receiving …
13 Pa.C.S. § 4A503 Injunction or restraining order with respect to funds transfer
0.5K chars
For proper cause and in compliance with applicable law, a court may restrain: (1) a person from issuing a payment order to initiate a funds transfer; (2) an originator's bank from executing the payment order of the originator; or (3) the beneficiary's bank from releasing funds to…
13 Pa.C.S. § 4A504 § 4A504
0.6K chars
(a) Priority among obligations paid from account.--If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that are payable from the sender's account, the bank may charge the sender's account with respect to the var…
