§ 4213. Medium and time of settlement by bank
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial Code
13 Pa.C.S.A. § 4213
§ 4213. Medium and time of settlement by bank
(b) When settlement occurs under certain circumstances not covered by subsection (a).--If the tender of settlement is not by a medium authorized by subsection (a) or the time of settlement is not fixed by subsection (a), no settlement occurs until the tender of settlement is accepted by the person receiving settlement.
(d) Settlement by tender of authority to charge account of bank making settlement in bank receiving settlement.--If settlement for an item is made by giving authority to charge the account of the bank giving settlement in the bank receiving settlement, settlement is final when the charge is made by the bank receiving settlement if there are funds available in the account for the amount of the item.
Credits
1992, July 9, P.L. 507, No. 97, § 13, effective in one year.
13 Pa.C.S.A. § 4213, PA ST 13 Pa.C.S.A. § 4213
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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