Vermont § 505 - § 4A—505.
Full text of Vermont Vermont Statutes Online § 505 — § 4A—505., with citation guidance and answers to common questions.
§ 505. § 4A—505.
- Preclusion of objection to debit of customer’s account If a receiving bank has received payment from its customer with respect to a payment
order issued in the name of the customer as sender and accepted by the bank, and the
customer received notification reasonably identifying the order, the customer is precluded
from asserting that the bank is not entitled to retain the payment unless the customer
notifies the bank of the customer’s objection to the payment within one year after
the notification was received by the customer. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)
Frequently Asked Questions About Vermont § 505
What does Vermont Statutes Online § 505 cover?
Section 505 ("§ 4A—505.") 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 § 505?
A common citation format is "Vermont Statutes Online § 505" (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 § 505 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.