Pennsylvania § 4A501 - Variation by agreement and effect of funds-transfer system rule.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 4A501 — Variation by agreement and effect of funds-transfer system rule., with citation guidance and answers to common questions.
§ 4A501. Variation by agreement and effect of funds-transfer system rule.
(a) Variation by agreement.--Except as otherwise provided in this division, the rights and obligations of a party to a funds transfer may be varied by agreement of the affected party.
(b) Effect of funds-transfer system rule.--"Funds-transfer system rule" means a rule of an association of banks:
(1) governing transmission of payment orders by means of a funds-transfer system of the association or rights and obligations with respect to those orders; or
(2) to the extent the rule 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.
Except as otherwise provided in this division, a funds-transfer system rule governing rights and obligations between participating banks using the system may be effective even if the rule conflicts with this division and indirectly affects another party to the funds transfer who 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 stated in sections 4A404(c) (relating to obligation of beneficiary's bank to pay and give notice to beneficiary), 4A405(d) (relating to payment by beneficiary's bank to beneficiary) and 4A507(c) (relating to choice of law).
Cross References. Section 4A501 is referred to in section 4A105 of this title.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 4A501
What does Pennsylvania Consolidated Statutes § 4A501 cover?
Section 4A501 ("Variation by agreement and effect of funds-transfer system rule.") 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 § 4A501?
A common citation format is "Pennsylvania Consolidated Statutes § 4A501" (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 § 4A501 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.