Alabama § 7-4A-504 Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals from Account

Alabama Statutes

§ 7-4A-504 — Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals from Account

Alabama § 7-4A-504

Title 7Commercial Code

Art. 4AFunds Transfers

Part 5Miscellaneous Provisions

This text of Alabama § 7-4A-504 (Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals from Account) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 7-4A-504 (2026).

Text

(a)If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that are payable from the sender’s account, the bank may charge the sender’s account with respect to the various orders and items in any sequence.

(b)In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.

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(a) If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that are payable from the sender’s account, the bank may charge the sender’s account with respect to the various orders and items in any sequence.
(b) In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.