New Jersey § 12a:4a-501
Full text of New Jersey New Jersey Statutes § 12a:4a-501, with citation guidance and answers to common questions.
§ 12a:4a-501.
(1) Except as otherwise provided in this chapter, the rights and obligations of a
party to a funds transfer may be varied by agreement of the affected party. (2) “ Funds-transfer system rule ” means a rule of an association of banks (i) governing transmission of payment orders
by means of a funds-transfer system of the association or rights and obligations with
respect to those orders, or (ii) to the extent the rule governs rights and obligations
between banks that are parties to a funds transfer in which a Federal Reserve Bank,
acting as an intermediary bank, sends a payment order to the beneficiary's bank. Except as otherwise provided in this chapter, a funds-transfer system rule governing
rights and obligations between participating banks using the system may be effective
even if the rule conflicts with this article and indirectly affects another party
to the funds transfer who does not consent to the rule. A funds-transfer system rule may also govern rights and obligations of parties other
than participating banks using the system to the extent stated in sections 12A:4A-404(3) , 12A:4A-405(4) , and 12A:4A-507(3) .
Frequently Asked Questions About New Jersey § 12a:4a-501
What does New Jersey Statutes § 12a:4a-501 cover?
Section 12a:4a-501 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-501?
A common citation format is "New Jersey Statutes § 12a:4a-501" (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-501 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.