§ 47-4A-202. Authorized and Verified Payment Orders
A payment order received by the receiving bank is the authorized order of the person identified as sender if that person authorized the order or is otherwise bound by it under the law of agency. If a bank and its customer have agreed that the authenticity of payment orders issued to the bank in the […]
§ 47-4A-203. Unenforceability of Certain Verified Payment Orders
If an accepted payment order is not, under § 47-4A-202(a), an authorized order of a customer identified as sender, but is effective as an order of the customer pursuant to § 47-4A-202(b), the following rules apply: By express written agreement, the receiving bank may limit the extent to which it is entitled to enforce or […]