§12A-4A-210.

§12A-4A-210.
   
   REJECTION OF PAYMENT ORDER
   
   (a) A payment order is rejected by the receiving bank by a notice of
   rejection transmitted to the sender orally, electronically, or in
   writing. A notice of rejection need not use any particular words and
   is sufficient if it indicates that the receiving bank is rejecting the
   order or will not execute or pay the order. Rejection is effective
   when the notice is given if transmission is by a means that is
   reasonable in the circumstances. If notice of rejection is given by a
   means that is not reasonable, rejection is effective when the notice
   is received. If an agreement of the sender and receiving bank
   establishes the means to be used to reject a payment order, (i) any
   means complying with the agreement is reasonable and (ii) any means
   not complying is not reasonable unless no significant delay in receipt
   of the notice resulted from the use of the noncomplying means.
   
   (b) This subsection applies if a receiving bank other than the
   beneficiary's bank fails to execute a payment order despite the
   existence on the execution date of a withdrawable credit balance in an
   authorized account of the sender sufficient to cover the order. If the
   sender does not receive notice of rejection of the order on the
   execution date and the authorized account of the sender does not bear
   interest, the bank is obliged to pay interest to the sender on the
   amount of the order for the number of days elapsing after the
   execution date to the earlier of the day the order is canceled
   pursuant to subsection (d) of Section 19 of this act or the day the
   sender receives notice or learns that the order was not executed,
   counting the final day of the period as an elapsed day. If the
   withdrawable credit balance during that period falls below the amount
   of the order, the amount of interest is reduced accordingly.
   
   (c) If a receiving bank suspends payments, all unaccepted payment
   orders issued to it are deemed rejected at the time the bank suspends
   payments.
   
   (d) Acceptance of a payment order precludes a later rejection of the
   order. Rejection of a payment order precludes a later acceptance of
   the order.