North Dakota § 41-04.1-36 (4A-505) Preclusion of objection to debit of customer's account

North Dakota Statutes

§ 41-04.1-36 — (4A-505) Preclusion of objection to debit of customer's account

North Dakota § 41-04.1-36

Title 41Uniform Commercial Code

Ch. 41-04.1Funds Transfers

This text of North Dakota § 41-04.1-36 ((4A-505) Preclusion of objection to debit of customer's account) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-04.1-36 (2026).

Text

If a receiving bank has received payment from its customer with respect to a payment order
issued in the name of the customer as sender and accepted by the bank, and the customer
received notification reasonably identifying the order, the customer is precluded from asserting
that the bank is not entitled to retain the payment unless the customer notifies the bank of the
customer's objection to the payment within one year after the notification was received by the
customer.

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If a receiving bank has received payment from its customer with respect to a payment order
issued in the name of the customer as sender and accepted by the bank, and the customer
received notification reasonably identifying the order, the customer is precluded from asserting
that the bank is not entitled to retain the payment unless the customer notifies the bank of the
customer's objection to the payment within one year after the notification was received by the
customer.