Tennessee § 47-4A-504 - Order in which items and payment orders may be charged to account — Order of withdrawals from account.
Full text of Tennessee Tennessee Code Annotated § 47-4A-504 — Order in which items and payment orders may be charged to account — Order of withdrawals from account., with citation guidance and answers to common questions.
§ 47-4A-504. Order in which items and payment orders may be charged to account — Order of withdrawals from account.
If a receiving bank has received more than one (1) payment order of the sender or one (1) or more payment orders and other items that are payable from the sender's account, the bank may charge the sender's account with respect to the various orders and items in any sequence. In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied. Acts 1991, ch. 52, § 1.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-4A-504
What does Tennessee Code Annotated § 47-4A-504 cover?
Section 47-4A-504 ("Order in which items and payment orders may be charged to account — Order of withdrawals from account.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 47-4A-504?
A common citation format is "Tennessee Code Annotated § 47-4A-504" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-4A-504 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.