Vermont § 212 - § 4A—212.
Full text of Vermont Vermont Statutes Online § 212 — § 4A—212., with citation guidance and answers to common questions.
§ 212. § 4A—212.
- Liability and duty of receiving bank regarding unaccepted payment order If a receiving bank fails to accept a payment order that it is obliged by express
agreement to accept, the bank is liable for breach of the agreement to the extent
provided in the agreement or in this article, but does not otherwise have any duty
to accept a payment order or, before acceptance, to take any action, or refrain from
taking action, with respect to the order except as provided in this article or by
express agreement. Liability based on acceptance arises only when acceptance occurs
as stated in section 4A—209 of this title, and liability is limited to that provided in this article. A receiving bank is not
the agent of the sender or beneficiary of the payment order it accepts, or of any
other party to the funds transfer, and the bank owes no duty to any party to the funds
transfer except as provided in this article or by express agreement. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 212
What does Vermont Statutes Online § 212 cover?
Section 212 ("§ 4A—212.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 212?
A common citation format is "Vermont Statutes Online § 212" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 212 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.