Vermont § 303 - § 4A—303.

§ 303. § 4A—303.

• Erroneous execution of payment order (a) A receiving bank that (i) executes the payment order of the sender by issuing a payment
  order in an amount greater than the amount of the sender’s order, or (ii) issues a
  payment order in execution of the sender’s order and then issues a duplicate order,
  is entitled to payment of the amount of the sender’s order under subsection 4A—402(c) of this title if that subsection is otherwise satisfied. The bank is entitled to recover from the
  beneficiary of the erroneous order the excess payment received to the extent allowed
  by the law governing mistake and restitution. (b) A receiving bank that executes the payment order of the sender by issuing a payment
  order in an amount less than the amount of the sender’s order is entitled to payment
  of the amount of the sender’s order under subsection 4A—402(c) of this title if (i) that subsection is otherwise satisfied and (ii) the bank corrects its mistake
  by issuing an additional payment order for the benefit of the beneficiary of the sender’s
  order. If the error is not corrected, the issuer of the erroneous order is entitled
  to receive or retain payment from the sender of the order it accepted only to the
  extent of the amount of the erroneous order. This subsection does not apply if the
  receiving bank executes the sender’s payment order by issuing a payment order in an
  amount less than the amount of the sender’s order for the purpose of obtaining payment
  of its charges for services and expenses pursuant to instruction of the sender. (c) If a receiving bank executes the payment order of the sender by issuing a payment
  order to a beneficiary different from the beneficiary of the sender’s order and the
  funds transfer is completed on the basis of that error, the sender of the payment
  order that was erroneously executed and all previous senders in the funds transfer
  are not obliged to pay the payment orders they issued. The issuer of the erroneous
  order is entitled to recover from the beneficiary of the order the payment received
  to the extent allowed by the law governing mistake and restitution. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)