New Jersey § 12A:4A-401 Payment date

New Jersey Statutes

§ 12A:4A-401 — Payment date

New Jersey § 12A:4A-401

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:4A-401 (Payment date) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:4A-401 (2026).

Text

12A:4A-401. Payment date. "Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank. L.1994,c.114,s.2.

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12A:4A-401. Payment date. "Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank. L.1994,c.114,s.2.