2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.4A-504 ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO ACCOUNT; ORDER OF WITHDRAWALS FROM ACCOUNT.
336.4A-504 ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED
TO ACCOUNT; ORDER OF WITHDRAWALS FROM ACCOUNT.
(a) If a receiving bank has received more than one payment order of the sender or one or
more payment orders and other items that are payable from the sender's account, the bank may
charge the sender's account with respect to the various orders and items in any sequence.
(b) In determining whether a credit to an account has been withdrawn by the holder of the
account or applied to a debt of the holder of the account, credits first made to the account are
first withdrawn or applied.
History: 1990 c 582 art 1 s 35
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