Vermont § 501 - § 4A—501.
Full text of Vermont Vermont Statutes Online § 501 — § 4A—501., with citation guidance and answers to common questions.
§ 501. § 4A—501.
- Variation by agreement and effect of funds-transfer system rule (a) Except as otherwise provided in this article, the rights and obligations of a party
to a funds transfer may be varied by agreement of the affected party. (b) “Funds-transfer system rule” means a rule of an association of banks (i) governing
transmission of payment orders by means of a funds-transfer system of the association
or rights and obligations with respect to those orders, or (ii) to the extent the
rule governs rights and obligations between banks that are parties to a funds transfer
in which a Federal Reserve Bank, acting as an intermediary bank, sends a payment order
to the beneficiary’s bank. Except as otherwise provided in this article, a funds-transfer
system rule governing rights and obligations between participating banks using the
system may be effective even if the rule conflicts with this article and indirectly
affects another party to the funds transfer who does not consent to the rule. A funds-transfer
system rule may also govern rights and obligations of parties other than participating
banks using the system to the extent stated in subsections 4A—404(c), 4A—405(d), and 4A—507(c) of this title. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 501
What does Vermont Statutes Online § 501 cover?
Section 501 ("§ 4A—501.") 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 § 501?
A common citation format is "Vermont Statutes Online § 501" (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 § 501 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.