New York § 4-A-505 Preclusion of Objection to Debit of Customer's Account

New York Statutes

§ 4-A-505 — Preclusion of Objection to Debit of Customer's Account

New York § 4-A-505

Law UCCUniform Commercial Code

Part 5Miscellaneous Provisions

Art. 4-AFunds Transfers

This text of New York § 4-A-505 (Preclusion of Objection to Debit of Customer's Account) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Uniform Commercial Code § 4-A-505 (2026).

Text

Section 4-A-505. Preclusion of Objection to Debit of Customer's\n                   Account.\n  If a receiving bank has received payment from its customer with\nrespect to a payment order issued in the name of the customer as sender\nand accepted by the bank, and the customer received notification\nreasonably identifying the order, the customer is precluded from\nasserting that the bank is not entitled to retain the payment unless the\ncustomer notifies the bank of the customer's objection to the payment\nwithin one year after the notification was received by the customer.\n

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

Section 4-A-505. Preclusion of Objection to Debit of Customer's\n Account.\n If a receiving bank has received payment from its customer with\nrespect to a payment order issued in the name of the customer as sender\nand accepted by the bank, and the customer received notification\nreasonably identifying the order, the customer is precluded from\nasserting that the bank is not entitled to retain the payment unless the\ncustomer notifies the bank of the customer's objection to the payment\nwithin one year after the notification was received by the customer.\n