New Jersey § 12a:4a-212
Full text of New Jersey New Jersey Statutes § 12a:4a-212, with citation guidance and answers to common questions.
§ 12a:4a-212.
If a receiving bank fails to accept a payment order that it is obliged by express
agreement to accept, the bank is liable for breach of the agreement to the extent
provided in the agreement or in this chapter, but does not otherwise have any duty
to accept a payment order or, before acceptance, to take any action, or refrain from
taking action, with respect to the order except as provided in this chapter or by
express agreement. Liability based on acceptance arises only when acceptance occurs as stated in section 12A:4A-209 , and liability is limited to that provided in this chapter. A receiving bank is not the agent of the sender or beneficiary of the payment order
it accepts, or of any other party to the funds transfer, and the bank owes no duty
to any party to the funds transfer except as provided in this chapter or by express
agreement.
Frequently Asked Questions About New Jersey § 12a:4a-212
What does New Jersey Statutes § 12a:4a-212 cover?
Section 12a:4a-212 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:4a-212?
A common citation format is "New Jersey Statutes § 12a:4a-212" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:4a-212 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.