Vermont § 208 - § 4A—208.

§ 208. § 4A—208.

• Misdescription of intermediary bank or beneficiary’s bank (a) This subsection applies to a payment order identifying an intermediary bank or the
  beneficiary’s bank only by an identifying number. (1) The receiving bank may rely on the number as the proper identification of the intermediary
  or beneficiary’s bank and need not determine whether the number identifies a bank. (2) The sender is obliged to compensate the receiving bank for any loss and expenses incurred
  by the receiving bank as a result of its reliance on the number in executing or attempting
  to execute the order. (b) This subsection applies to a payment order identifying an intermediary bank or the
  beneficiary’s bank both by name and an identifying number if the name and number identify
  different persons. (1) If the sender is a bank, the receiving bank may rely on the number as the proper identification
  of the intermediary or beneficiary’s bank if the receiving bank, when it executes
  the sender’s order, does not know that the name and number identify different persons.
  The receiving bank need not determine whether the name and number refer to the same
  person or whether the number refers to a bank. The sender is obliged to compensate
  the receiving bank for any loss and expenses incurred by the receiving bank as a result
  of its reliance on the number in executing or attempting to execute the order. (2) If the sender is not a bank and the receiving bank proves that the sender, before
  the payment order was accepted, had notice that the receiving bank might rely on the
  number as the proper identification of the intermediary or beneficiary’s bank even
  if it identifies a person different from the bank identified by name, the rights and
  obligations of the sender and the receiving bank are governed by subdivision (1) of
  this subsection, as though the sender were a bank. Proof of notice may be made by
  any admissible evidence. The receiving bank satisfies the burden of proof if it proves
  that the sender, before the payment order was accepted, signed a record stating the
  information to which the notice relates. (3) Regardless of whether the sender is a bank, the receiving bank may rely on the name
  as the proper identification of the intermediary or beneficiary’s bank if the receiving
  bank, at the time it executes the sender’s order, does not know that the name and
  number identify different persons. The receiving bank need not determine whether the
  name and number refer to the same person. (4) If the receiving bank knows that the name and number identify different persons, reliance
  on either the name or the number in executing the sender’s payment order is a breach
  of the obligation stated in subdivision 4A—302(a)(1) of this title. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995; amended 2025, No. 17, § 5, eff. July 1, 2025.)