There is a newer version of the Kentucky Revised Statutes
2009 Kentucky Revised Statutes
Article 4A Funds Transfers
355.4A.501 Variation by agreement and effect of funds-transfer system rule.
Download pdforders; or (b) To the extent the rule governs rights and obligations between banks that are parties to a funds transfer in which a Federal Reserve Bank, acting as an
intermediary bank, sends a payment order to the beneficiary's bank. Except as
otherwise provided in this article, a funds-transfer system rule governing
rights and obligations between participating banks using the system may be
effective even if the rule conflicts with this article and indirectly affects
another party to the funds transfer who does not consent to the rule. A funds-
transfer system rule may also govern rights and obligations of parties other
than participating banks using the system to the extent stated in KRS 355.4A-
404(3), 355.4A-405(4), and 355.4A-507(3). Effective: July 14, 1992
History: Created 1992 Ky. Acts ch. 116, sec. 55, effective July 14, 1992.
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