§ 4A-105. List of definitions
West's Annotated Code of MarylandCommercial LawEffective: June 1, 2012
Effective: June 1, 2012
MD Code, Commercial Law, § 4A-105
§ 4A-105. List of definitions
(1) “Authorized account” means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.
“Acceptance” | § 4A-209 | |
“Beneficiary” | § 4A-103 | |
“Beneficiary's bank” | § 4A-103 | |
“Executed” | § 4A-301 | |
“Execution date” | § 4A-301 | |
“Funds transfer” | § 4A-104 | |
“Funds-transfer system rule” | § 4A-501 | |
“Intermediary bank” | § 4A-104 | |
“Originator” | § 4A-104 | |
“Originator's bank” | § 4A-104 | |
“Payment by beneficiary's bank to beneficiary” | § 4A-405 | |
“Payment by originator to beneficiary” | § 4A-406 | |
“Payment by sender to receiving bank” | § 4A-403 | |
“Payment date” | § 4A-401 | |
“Payment order” | § 4A-103 | |
“Receiving bank” | § 4A-103 | |
“Security procedure” | § 4A-201 | |
“Sender” | § 4A-103 |
“Clearing house” | § 4-104 | |
“Item” | § 4-104 | |
“Suspends payments” | § 4-104 |
Credits
Added by Acts 1991, c. 548, § 1, eff. July 1, 1991. Amended by Acts 2012, c. 673, § 2, eff. June 1, 2012.
MD Code, Commercial Law, § 4A-105, MD COML § 4A-105
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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