Illinois § 4A-206
Full text of Illinois Illinois Compiled Statutes § 4A-206, with citation guidance and answers to common questions.
§ 4A-206.
(from Ch. 26, par. 4A-206) Sec. 4A-206. Transmission of payment order through funds transfer or other communication system. (a) If a payment order addressed to a receiving bank is transmitted to a funds transfer system or other third-party communication system for transmittal to the bank, the system is deemed to be an agent of the sender for the purpose of transmitting the payment order to the bank. If there is a discrepancy between the terms of the payment order transmitted to the system and the terms of the payment order transmitted by the system to the bank, the terms of the payment order of the sender are those transmitted by the system. This Section does not apply to a funds transfer system of the Federal Reserve Banks. (b) This Section applies to cancellations and amendments of payment orders to the same extent it applies to payment orders. (Source: P.A. 86-1291.)
Frequently Asked Questions About Illinois § 4A-206
What does Illinois Compiled Statutes § 4A-206 cover?
Section 4A-206 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. 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 Illinois § 4A-206?
A common citation format is "Illinois Compiled Statutes § 4A-206" (Illinois). 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 Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 4A-206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois 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 Illinois.