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2006 Kentucky Revised Statutes - Article 4A Funds Transfers
Part 1. Subject Matter and Definitions
- .101 Short title.
- .102 Subject matter.
- .103 Payment order -- Definitions.
- .104 Funds transfer -- Definitions.
- .105 Other definitions.
- .106 Time payment order is received.
- .107 Federal Reserve regulations and operating circulars.
- .108 Exclusion of consumer transactions.
Part 2. Issue and Acceptance of Payment Order
- .201 Security procedure.
- .202 Authorized and verified payment orders.
- .203 Unenforceability of certain verified payment orders.
- .204 Refund of payment and duty of customer to report with respect to unauthorized payment order.
- .205 Erroneous payment orders.
- .206 Transmission of payment order through funds -- Transfer or other communication system.
- .207 Misdescription of beneficiary.
- .208 Misdescription of intermediary bank or beneficiary's bank.
- .209 Acceptance of payment order.
- .210 Rejection of payment order.
- .211 Cancellation and amendment of payment order.
- .212 Liability and duty of receiving bank regarding unaccepted payment order.
Part 3. Execution of Sender's Payment Order by Receiving Bank
- .301 Execution and execution date.
- .302 Obligation of receiving bank in execution of payment order.
- .303 Erroneous execution of payment order.
- .304 Duty of sender to report erroneously executed payment order.
- .305 Liability for late or improper execution or failure to execute payment order.
Part 4. Payment
- .401 Payment date.
- .402 Obligation of sender to pay receiving bank.
- .403 Payment by sender to receiving bank.
- .404 Obligation of beneficiary's bank to pay and give notice to beneficiary.
- .405 Payment by beneficiary's bank to beneficiary.
- .406 Payment by originator to beneficiary -- Discharge of underlying obligation.
Part 5. Miscellaneous Provisions
- .501 Variation by agreement and effect of funds-transfer system rule.
- .502 Creditor process served on receiving bank -- Set-off by beneficiary's bank.
- .503 Injunction or restraining order with respect to funds transfer.
- .504 Order in which items and payment orders may be charged to account -- Order of withdrawals from account.
- .505 Preclusion of objection to debit of customer's account.
- .506 Rate of interest.
- .507 Choice of law.
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