Maryland Statutes
§ 4A-206
Maryland § 4A-206
This text of Maryland § 4A-206 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Commercial Law § 4A-206 (2026).
Text
(a)(1) If a payment order addressed to a receiving bank is transmitted to a funds-transfer system for transmittal to the bank, the funds-transfer system is deemed to be an agent of the sender for the purpose of transmitting the payment order to the bank.
(2)If there is a discrepancy between the terms of the payment order transmitted to the funds-transfer system and the terms of the payment order transmitted by the funds-transfer system to the bank, the terms of the payment order of the sender are those transmitted by the funds-transfer system.
(3)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 that it applies to payment
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Bluebook (online)
Maryland § 4A-206, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/4A-206.