Alabama § 7-4A-504 - Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals from Account.
Full text of Alabama Code of Alabama § 7-4A-504 — Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals from Account., with citation guidance and answers to common questions.
§ 7-4A-504. Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals from Account.
(a) If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that are payable from the sender’s account, the bank may charge the sender’s account with respect to the various orders and items in any sequence.
(b) In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-4A-504
What does Code of Alabama § 7-4A-504 cover?
Section 7-4A-504 ("Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals from Account.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 7-4A-504?
A common citation format is "Code of Alabama § 7-4A-504" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 7-4A-504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.