Idaho § 28-4-635 ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO ACCOUNT — ORDER OF WITHDRAWALS FROM ACCOUNT

Idaho Statutes

§ 28-4-635 — ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO ACCOUNT — ORDER OF WITHDRAWALS FROM ACCOUNT

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 6. FUNDS TRANSFERS·Ch. 4 UNIFORM COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS

(1)If a receiving bank has received more than one (1) payment order of the sender or one (1) 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(2)In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.

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

(1) If a receiving bank has received more than one (1) payment order of the sender or one (1) 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(2) In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.

Idaho § 28-4-635 (ORDER IN WHICH ITEMS AND PAYMENT ORDERS MAY BE CHARGED TO ACCOUNT — ORDER OF WITHDRAWALS FROM ACCOUNT) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.