Arkansas § 4-4A-104 - Funds transfer — Definitions.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-4A-104 — Funds transfer — Definitions., with citation guidance and answers to common questions.
§ 4-4A-104. Funds transfer — Definitions.
In this Chapter: “Funds transfer” means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order. “Intermediary bank” means a receiving bank other than the originator's bank or the beneficiary's bank. “Originator” means the sender of the first payment order in a funds transfer. “Originator's bank” means (i) the receiving bank to which the payment order of the originator is issued if the originator is not a bank, or (ii) the originator if the originator is a bank.
Source: official Arkansas text · Last verified 2026-08-27
Frequently Asked Questions About Arkansas § 4-4A-104
What does Arkansas Code of 1987 Annotated § 4-4A-104 cover?
Section 4-4A-104 ("Funds transfer — Definitions.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. 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 Arkansas § 4-4A-104?
A common citation format is "Arkansas Code of 1987 Annotated § 4-4A-104" (Arkansas). 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 Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 4-4A-104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas 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 Arkansas.