Ohio § 1304.79
Full text of Ohio Ohio Revised Code § 1304.79, with citation guidance and answers to common questions.
§ 1304.79.
(A) “ Funds-transfer system rule ” means either of the following: (1) A rule of an association of banks that governs transmission of payment orders by
means of a funds-transfer system of the association or rights and obligations with
respect to those orders; (2) A rule of an association of banks to the extent that it 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. (B) Except as otherwise provided in sections 1304.51 to 1304.85 of the Revised Code , the rights and obligations of a party to a funds transfer may be varied by agreement
of the affected party. (C) Except as otherwise provided in sections 1304.51 to 1304.85 of the Revised Code , a funds-transfer system rule governing rights and obligations between participating
banks using the system may be effective even if the rule conflicts with those sections
and indirectly affects another party to the funds transfer that 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 provided in division (C) of section 1304.76 , division (D) of section 1304.77 , and division (C) of section 1304.85 of the Revised Code .
Frequently Asked Questions About Ohio § 1304.79
What does Ohio Revised Code § 1304.79 cover?
Section 1304.79 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 § 1304.79?
A common citation format is "Ohio Revised Code § 1304.79" (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 § 1304.79 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.