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§ 607. Money received for transmission

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 7 P.S. Banks and Banking

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 7 P.S. Banks and Banking (Refs & Annos)
Banking Code of 1965 (Refs & Annos)
Chapter 6. Rules Concerning Deposits, Safe-Deposit Agreements and Money Received for Transmission (Refs & Annos)
7 P.S. § 607
§ 607. Money received for transmission
Currentness
(a) An institution which receives money for transmission shall give the customer a receipt setting forth:
(i) the date of receipt of the money,
(ii) the amount of the money in dollars and cents, and
(iii) if the money is to be transmitted to a foreign country in the currency of such country, the amount of the money in such currency.
(b) In an action by a customer against an institution for recovery of money delivered for transmission, the burden of proof of delivery of the money in accordance with the instructions of the customer shall be on the institution but an affidavit by an agent or correspondent of the institution that the money was delivered in accordance with the customer’s instructions and a receipt for the money signed in the name of the recipient designated by the customer shall be prima facie evidence of the delivery of the money in accordance with the customer’s instructions.

Credits

1965, Nov. 30, P.L. 847, No. 356, § 607.
7 P.S. § 607, PA ST 7 P.S. § 607
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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