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2012 Utah Code
Title 70A - Uniform Commercial Code
Article 4a - Uniform Commercial Code - Funds Transfers
Section 401 - Payment date.
Universal Citation:
UT Code ยง 70A-4a-401 (2012)
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70A-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.
Amended by Chapter 237, 1993 General Session
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