Nevada § 104A.4505 Preclusion of objection to debit of customer’s account

Nevada Statutes

§ 104A.4505 — Preclusion of objection to debit of customer’s account

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 104A Uniform· Miscellaneous Provisions

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 his or her objection to the payment within 1 year after the notification was received by him or her.

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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 his or her objection to the payment within 1 year after the notification was received by him or her.

Nevada § 104A.4505 (Preclusion of objection to debit of customer’s account) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.