Ohio § 1304.67
Full text of Ohio Ohio Revised Code § 1304.67, with citation guidance and answers to common questions.
§ 1304.67.
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 sections 1304.51 to 1304.85 of the Revised Code , 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 those sections or by express agreement. Liability based on acceptance arises only when acceptance occurs as provided in section 1304.64 of the Revised Code , and liability is limited to that provided in sections 1304.51 to 1304.85 of the Revised Code . 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 sections 1304.51 to 1304.85 of the Revised Code or by express agreement.
Frequently Asked Questions About Ohio § 1304.67
What does Ohio Revised Code § 1304.67 cover?
Section 1304.67 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 § 1304.67?
A common citation format is "Ohio Revised Code § 1304.67" (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 § 1304.67 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.