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Virginia Law

Code of Virginia

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Code of Virginia
Title 8.4A. Commercial Code—Funds Transfers
7/13/2025

Title 8.4A. Commercial Code—Funds Transfers (2025 Updates)

  • Part 1. Subject Matter and Definitions
§ 8.4A-103
Definitions: "Payment order"; "Beneficiary"; "Beneficiary's bank"; "Receiving bank"; "Sender."
  • Part 2. Issue and Acceptance of Payment Order
§ 8.4A-201
Security procedure
§ 8.4A-202
Authorized and verified payment orders
§ 8.4A-203
Unenforceability of certain verified payment orders
§ 8.4A-207
Misdescription of beneficiary
§ 8.4A-208
Misdescription of intermediary bank or beneficiary's bank
§ 8.4A-210
Rejection of payment order
§ 8.4A-211
Cancellation and amendment of payment order
  • Part 3. Execution of Sender's Payment Order by Receiving Bank
§ 8.4A-305
Liability for late or improper execution or failure to execute payment order