§ 4A-104. Funds transfer--Definitions
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 4A-104
§ 4A-104. Funds transfer--Definitions
FUNDS TRANSFER--DEFINITIONS
In this Article:
(a) “Funds transfer” means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A fund transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order.
Credits
Laws 1990, c. 110, § 4, eff. July 1, 1991.
12A Okl. St. Ann. § 4A-104, OK ST T. 12A § 4A-104
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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