Utah § 70A-4a-201 Security procedure.

Utah Statutes

§ 70A-4a-201 — Security procedure.

Utah § 70A-4a-201

Title 70AUniform Commercial Code

Ch. 70A-4aUniform Commercial Code - Funds Transfers

Part 70A-4a-2Issuance and Acceptance of Payment Order

This text of Utah § 70A-4a-201 (Security procedure.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-4a-201 (2026).

Text

(1)"Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of:

(1)(a) verifying that a payment order or communication amending or canceling a payment order is that of the customer; or

(1)(b) detecting error in the transmission or the content of the payment order or communication.

(2)A security procedure may require the use of algorithms or other codes, identifying words or numbers, encryption, callback procedures, or similar security devices. Comparison of a signature on a payment order or communication with an authorized specimen signature of the customer is not by itself a security procedure.

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(1) "Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of:

(1)(a) verifying that a payment order or communication amending or canceling a payment order is that of the customer; or
(1)(b) detecting error in the transmission or the content of the payment order or communication.
(2) A security procedure may require the use of algorithms or other codes, identifying words or numbers, encryption, callback procedures, or similar security devices. Comparison of a signature on a payment order or communication with an authorized specimen signature of the customer is not by itself a security procedure.