§ 34.1-4-403 — Customer's right to stop payment; burden of proof of loss

Wyoming § 34.1-4-403

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 4: BANK DEPOSITS AND COLLECTIONS

Text

(a) A customer or any person authorized to draw on the
account if there is more than one (1) person may stop payment of
any item drawn on the customer's account or close the account by
an order to the bank describing the item or account with
reasonable certainty received at a time and in a manner that
affords the bank a reasonable opportunity to act on it before
any action by the bank with respect to the item described in
section 34.1-4-303. If the signature of more than one (1)
person is required to draw on an account, any of these persons
may stop payment or close the account.
(b) A stop-payment order is effective for six (6) months,
but it lapses after fourteen (14) calendar days if the original
order was oral and was not confirmed in writing within that
period. A stop-payment order may be renewed for additional
six-month periods by a writing given to the bank within a period
during which the stop-payment order is effective.
(c) The burden of establishing the fact and amount of loss
resulting from the payment of an item contrary to a stop-payment
order or order to close an account is on the customer. The loss
from payment of an item contrary to a stop-payment order may
include damages for dishonor of subsequent items under section