Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 4-A-401 — Payment Date
N.Y. U.C.C. Law § 4-A-401
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 4-A-401. Payment Date.
Citator
N.Y. U.C.C. Law § 4-A-401 — Payment Date is in force in the current edition of the Code, and nothing recorded condemns it.
Section 4-A-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.