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§12A-4A-206.


§12A-4A-206.
   
   TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS-TRANSFER OR OTHER
   COMMUNICATION SYSTEM
   
   (a) If a payment order addressed to a receiving bank is transmitted to
   a funds-transfer system or other third-party communication system for
   transmittal to the bank, the system is deemed to be an agent of the
   sender for the purpose of transmitting the payment order to the bank.
   If there is a discrepancy between the terms of the payment order
   transmitted to the system and the terms of the payment order
   transmitted by the system to the bank, the terms of the payment order
   of the sender are those transmitted by the system. This section does
   not apply to a funds-transfer system of the Federal Reserve Banks.
   
   (b) This section applies to cancellations and amendments of payment
   orders to the same extent it applies to payment orders.
   

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