Iowa § 554.12504 Order in which items and payment orders may be charged to account — order of withdrawals from account

Iowa Statutes

§ 554.12504 — Order in which items and payment orders may be charged to account — order of withdrawals from account

Iowa § 554.12504

Title XIIICOMMERCE

Ch. 554UNIFORM COMMERCIAL CODE

This text of Iowa § 554.12504 (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 Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 554.12504 (2026).

Text

of withdrawals from account.

1.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.

2.In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.

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of withdrawals from account.
1. 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.
2. In determining whether a credit to an account has been withdrawn by the holder of the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first withdrawn or applied.