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2016 Connecticut General Statutes
Title 42a - Uniform Commercial Code
Article 4A - Funds Transfers
Section 42a-4A-401 - Payment date.
Universal Citation: CT Gen Stat § 42a-4A-401 (2016)
“Payment date” of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.
(P.A. 90-202, S. 1(4A-401), 3.)
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