Vermont § 304 - § 4A—304.
Full text of Vermont Vermont Statutes Online § 304 — § 4A—304., with citation guidance and answers to common questions.
§ 304. § 4A—304.
- Duty of sender to report erroneously executed payment order If the sender of a payment order that is erroneously executed as stated in section 4A—303 of this title receives notification from the receiving bank that the order was executed or that
the sender’s account was debited with respect to the order, the sender has a duty
to exercise ordinary care to determine, on the basis of information available to the
sender, that the order was erroneously executed and to notify the bank of the relevant
facts within a reasonable time not exceeding 90 days after the notification from the
bank was received by the sender. If the sender fails to perform that duty, the bank
is not obliged to pay interest on any amount refundable to the sender under subsection 4A—402(d) of this title for the period before the bank learns of the execution error. The bank is not entitled
to any recovery from the sender on account of a failure by the sender to perform the
duty stated in this section. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 304
What does Vermont Statutes Online § 304 cover?
Section 304 ("§ 4A—304.") 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 § 304?
A common citation format is "Vermont Statutes Online § 304" (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 § 304 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.