13 Pa. C.S. § 4A401

Current through Pa Acts 2024-53, 2024-56 through 2024-111
Section 4A401 - 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.

13 Pa.C.S. § 4A401

1992, July 9, P.L. 507, No. 97, § 15, effective in one year.