The Vermont Statutes Online

Title 9A: Uniform Commercial Code

Article 4A: FUNDS TRANSFERS


NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.


§ 101   Short title
§ 102   Subject matter
§ 103   Payment order-definitions
§ 104   Funds transfer-definitions
§ 105   Other definitions
§ 106   Time payment order is received
§ 107   Federal Reserve regulations and operating circulars
§ 108   Exclusion of consumer transactions governed by federal law
§ 201   Security procedure
§ 202   Authorized and verified payment orders
§ 203   Unenforceability of certain verified payment orders
§ 204   Refund of payment and duty of customer to report with respect to unauthorized payment order
§ 205   Erroneous payment orders
§ 206   Transmission of payment order through funds-transfer or other communication system
§ 207   Misdescription of beneficiary
§ 208   Misdescription of intermediary bank or beneficiary's bank
§ 209   Acceptance of payment order
§ 210   Rejection of payment order
§ 211   Cancellation and amendment of payment order
§ 212   Liability and duty of receiving bank regarding unaccepted payment order
§ 301   Execution and execution date
§ 302   Obligations of receiving bank in execution of payment order
§ 303   Erroneous execution of payment order
§ 304   Duty of sender to report erroneously executed payment order
§ 305   Liability for late or improper execution or failure to execute payment order
§ 401   Payment date
§ 402   Obligation of sender to pay receiving bank
§ 403   Payment by sender to receiving bank
§ 404   Obligation of beneficiary's bank to pay and give notice to beneficiary
§ 405   Payment by beneficiary's bank to beneficiary
§ 406   Payment by originator to beneficiary; discharge of underlying obligation
§ 501   Variation by agreement and effect of funds-transfer system rule
§ 502   Creditor process served on receiving bank; setoff by beneficiary's bank
§ 503   Injunction or restraining order with respect to funds transfer
§ 504   Order in which items and payment orders may be charged to account; order of withdrawals from account
§ 505   Preclusion of objection to debit of customer's account
§ 506   Rate of interest
§ 507   Choice of law

  • Full text of Article 4A.