New Jersey § 12a:4a-505
Full text of New Jersey New Jersey Statutes § 12a:4a-505, with citation guidance and answers to common questions.
§ 12a:4a-505.
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.
Frequently Asked Questions About New Jersey § 12a:4a-505
What does New Jersey Statutes § 12a:4a-505 cover?
Section 12a:4a-505 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-505?
A common citation format is "New Jersey Statutes § 12a:4a-505" (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-505 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.