Utah Statutes
§ 70A-4a-206 — Transmission of payment order through funds transfer or other communication system.
Utah·Title 70A Uniform Commercial Code·Ch. 70A-4a Uniform Commercial Code - Funds Transfers·Part 70A-4a-2 Issuance and Acceptance of Payment Order
If a payment order addressed to a receiving bank is transmitted to a funds transfer system or other third-party communication system for transmittal to the bank, the system is deemed to be an agent of the sender for the purpose of transmitting the payment order to the bank. If there is a discrepancy between the terms of the payment order transmitted to the system and the terms of the payment order transmitted by the system to the bank, the terms of the payment order of the sender are those transmitted by the system. This section applies to amendments and cancellations of payment orders to the same extent it applies to payment orders. This section does not apply to a funds transfer system of the Federal Reserve Banks.
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Utah § 70A-4a-206 (Transmission of payment order through funds transfer or other communication system.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Chapter 294, 1990 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.