Code of Virginia
Title 8.4A. Commercial Code—Funds Transfers
Title 8.4A. Commercial Code—Funds Transfers
11/21/2024
Title 8.4A. Commercial Code—Funds Transfers (2024 Updates)
- Part 1. Subject Matter and Definitions
- § 8.4A-103
- (Effective until July 1, 2025) Definitions: "Payment order"; "Beneficiary"; "Beneficiary's bank"; "Receiving bank"; "Sender."
- § 8.4A-103
- (Effective July 1, 2025) Definitions: "Payment order"; "Beneficiary"; "Beneficiary's bank"; "Receiving bank"; "Sender."
- Part 2. Issue and Acceptance of Payment Order
- § 8.4A-201
- (Effective until July 1, 2025) Security procedure
- § 8.4A-201
- (Effective July 1, 2025) Security procedure
- § 8.4A-202
- (Effective until July 1, 2025) Authorized and verified payment orders
- § 8.4A-202
- (Effective July 1, 2025) Authorized and verified payment orders
- § 8.4A-203
- (Effective until July 1, 2025) Unenforceability of certain verified payment orders
- § 8.4A-203
- (Effective July 1, 2025) Unenforceability of certain verified payment orders
- § 8.4A-207
- (Effective until July 1, 2025) Misdescription of beneficiary
- § 8.4A-207
- (Effective July 1, 2025) Misdescription of beneficiary
- § 8.4A-208
- (Effective until July 1, 2025) Misdescription of intermediary bank or beneficiary's bank
- § 8.4A-208
- (Effective July 1, 2025) Misdescription of intermediary bank or beneficiary's bank
- § 8.4A-210
- (Effective until July 1, 2025) Rejection of payment order
- § 8.4A-210
- (Effective July 1, 2025) Rejection of payment order
- § 8.4A-211
- (Effective until July 1, 2025) Cancellation and amendment of payment order
- § 8.4A-211
- (Effective July 1, 2025) Cancellation and amendment of payment order
- Part 3. Execution of Sender's Payment Order by Receiving Bank
- § 8.4A-305
- (Effective until July 1, 2025) Liability for late or improper execution or failure to execute payment order
- § 8.4A-305
- (Effective July 1, 2025) Liability for late or improper execution or failure to execute payment order
