| PREVIOUS SECTION | Go back to sections | Go back to the chapter | Go back to the N.J. Statutes homepage | NEXT SECTION |
New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 4a:
Section: 12A:4a-401: Payment date
12A:4A-401. Payment date.
"Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.
L.1994,c.114,s.2.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 12a:4a-401 (if available):
Court decisions that cite this statute:
CLICK HERE.