Payment
This is Part 4 of the Code of Virginia, titled “Payment.” It is part of Title 8.4A, titled “Commercial Code--funds Transfers.” It’s comprised of the following 6 sections.
- § 8.4a-401
- Payment date
- § 8.4a-402
- Obligation of sender to pay receiving bank
- § 8.4a-403
- Payment by sender to receiving bank
- § 8.4a-404
- Obligation of beneficiary's bank to pay and give notice to beneficiary
- § 8.4a-405
- Payment by beneficiary's bank to beneficiary
- § 8.4a-406
- Payment by originator to beneficiary; discharge of underlying obligation