“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.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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