Arizona § 47-4A206 Transmission of payment order through funds-transfer or other communication system

Arizona Statutes

§ 47-4A206 — Transmission of payment order through funds-transfer or other communication system

Arizona § 47-4A206

Title 47Arizona Revised Statutes

Ch. 4AFUNDS TRANSFERS

Art. 2Issue and Acceptance of Payment Order

This text of Arizona § 47-4A206 (Transmission of payment order through funds-transfer or other communication system) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-4A206 (2026).

Text

A.If a payment order addressed to a receiving bank is transmitted to a funds-transfer system or other third-party communication system for transmittal to the bank, the system is deemed to be an agent of the sender for the purpose of transmitting the payment order to the bank. If there is a discrepancy between the terms of the payment order transmitted to the system and the terms of the payment order transmitted by the system to the bank, the terms of the payment order of the sender are those transmitted by the system. This section does not apply to a funds-transfer system of the federal reserve banks.

B.This section applies to cancellations and amendments of payment orders to the same extent it applies to payment orders.

Free access — add to your briefcase to read the full text and ask questions with AI

A. If a payment order addressed to a receiving bank is transmitted to a funds-transfer system or other third-party communication system for transmittal to the bank, the system is deemed to be an agent of the sender for the purpose of transmitting the payment order to the bank. If there is a discrepancy between the terms of the payment order transmitted to the system and the terms of the payment order transmitted by the system to the bank, the terms of the payment order of the sender are those transmitted by the system. This section does not apply to a funds-transfer system of the federal reserve banks.

B. This section applies to cancellations and amendments of payment orders to the same extent it applies to payment orders.