Alabama § 7-4A-505 - Preclusion of Objection to Debit of Customer’s Account.
Full text of Alabama Code of Alabama § 7-4A-505 — Preclusion of Objection to Debit of Customer’s Account., with citation guidance and answers to common questions.
§ 7-4A-505. Preclusion of Objection to Debit of Customer’s Account.
If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer’s objection to the payment within one year after the notification was received by the customer.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-4A-505
What does Code of Alabama § 7-4A-505 cover?
Section 7-4A-505 ("Preclusion of Objection to Debit of Customer’s 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-505?
A common citation format is "Code of Alabama § 7-4A-505" (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-505 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.