Ohio § 1304.68
Full text of Ohio Ohio Revised Code § 1304.68, with citation guidance and answers to common questions.
§ 1304.68.
(A) A payment order is executed by the receiving bank when it issues a payment order
intended to carry out the payment order received by the bank. A payment order received by the beneficiary's bank can be accepted but cannot be
executed. (B) “Execution date” of a payment order means the day on which the receiving bank may
properly issue a payment order in execution of the sender's order. The execution date may be determined by instruction of the sender but cannot be
earlier than the day the order is received and, unless otherwise determined, is the
day the order is received. If the sender's instruction states a payment date, the execution date is the payment
date or an earlier date on which execution is reasonably necessary to allow payment
to the beneficiary on the payment date.
Frequently Asked Questions About Ohio § 1304.68
What does Ohio Revised Code § 1304.68 cover?
Section 1304.68 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 1304.68?
A common citation format is "Ohio Revised Code § 1304.68" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1304.68 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.