2011 Louisiana Laws
Revised Statutes
TITLE 10 — Commercial laws
RS 10:4A-401 — Payment
PART 4. PAYMENT
§4A-401. Payment date
"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.
Added by Acts 1990, No. 1079, §4, eff. Sept. 1, 1990.
Disclaimer: These codes may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
