§12A-4A-208.

§12A-4A-208.
   
   MISDESCRIPTION OF INTERMEDIARY BANK OR BENEFICIARY'S BANK
   
   (a) This subsection applies to a payment order identifying an
   intermediary bank or the beneficiary's bank only by an identifying
   number.
   
   (1) The receiving bank may rely on the number as the proper
   identification of the intermediary or beneficiary's bank and need not
   determine whether the number identifies a bank.
   
   (2) The sender is obliged to compensate the receiving bank for any
   loss and expenses incurred by the receiving bank as a result of its
   reliance on the number in executing or attempting to execute the
   order.
   
   (b) This subsection applies to a payment order identifying an
   intermediary bank or the beneficiary's bank both by name and an
   identifying number if the name and number identify different persons.
   
   (1) If the sender is a bank, the receiving bank may rely on the number
   as the proper identification of the intermediary or beneficiary's bank
   if the receiving bank, when it executes the sender's order, does not
   know that the name and number identify different persons. The
   receiving bank need not determine whether the name and number refer to
   the same person or whether the number refers to a bank. The sender is
   obliged to compensate the receiving bank for any loss and expenses
   incurred by the receiving bank as a result of its reliance on the
   number in executing or attempting to execute the order.
   
   (2) If the sender is not a bank and the receiving bank proves that the
   sender, before the payment order was accepted, had notice that the
   receiving bank might rely on the number as the proper identification
   of the intermediary or beneficiary's bank even if it identifies a
   person different from the bank identified by name, the rights and
   obligations of the sender and the receiving bank are governed by
   paragraph (1) of subsection (b) of this section, as though the sender
   were a bank. Proof of notice may be made by any admissible evidence.
   The receiving bank satisfies the burden of proof if it proves that the
   sender, before the payment order was accepted, signed a writing
   stating the information to which the notice relates.
   
   (3) Regardless of whether the sender is a bank, the receiving bank may
   rely on the name as the proper identification of the intermediary or
   beneficiary's bank if the receiving bank, at the time it executes the
   sender's order, does not know that the name and number identify
   different persons. The receiving bank need not determine whether the
   name and number refer to the same person.
   
   (4) If the receiving bank knows that the name and number identify
   different persons, reliance on either the name or the number in
   executing the sender's payment order is a breach of the obligation
   stated in paragraph (1) of subsection (a) of Section 22 of this act.