Pennsylvania § 4A104 - Funds transfer; definitions.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 4A104 — Funds transfer; definitions., with citation guidance and answers to common questions.
§ 4A104. Funds transfer; definitions.
(a) Definition of "funds transfer".--"Funds transfer" means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order.
(b) Definition of "intermediary bank".--"Intermediary bank" means a receiving bank other than the originator's bank or the beneficiary's bank.
(c) Definition of "originator".--"Originator" means the sender of the first payment order in a funds transfer.
(d) Definition of "originator's bank".--"Originator's bank" means:
(1) the receiving bank to which the payment order of the originator is issued if the originator is not a bank; or
(2) the originator if the originator is a bank.
Cross References. Section 4A104 is referred to in sections 4A102, 4A105 of this title.
Frequently Asked Questions About Pennsylvania § 4A104
What does Pennsylvania Consolidated Statutes § 4A104 cover?
Section 4A104 ("Funds transfer; definitions.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 4A104?
A common citation format is "Pennsylvania Consolidated Statutes § 4A104" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 4A104 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.