Issue And Acceptance Of Payment Order
This is Part 2 of the Code of Virginia, titled “Issue And Acceptance Of Payment Order.” It is part of Title 8.4A, titled “Commercial Code--funds Transfers.” It’s comprised of the following 12 sections.
- § 8.4a-201
- Security procedure
- § 8.4a-202
- Authorized and verified payment orders
- § 8.4a-203
- Unenforceability of certain verified payment orders
- § 8.4a-204
- Refund of payment and duty of customer to report with respect to unauthorized payment order
- § 8.4a-205
- Erroneous payment orders
- § 8.4a-206
- Transmission of payment order through funds-transfer or other communication system
- § 8.4a-207
- Misdescription of beneficiary
- § 8.4a-208
- Misdescription of intermediary bank or beneficiary's bank
- § 8.4a-209
- Acceptance of payment order
- § 8.4a-210
- Rejection of payment order
- § 8.4a-211
- Cancellation and amendment of payment order
- § 8.4a-212
- Liability and duty of receiving bank regarding unaccepted payment order