§12A-4A-212.

§12A-4A-212.
   
   LIABILITY AND DUTY OF RECEIVING BANK REGARDING UNACCEPTED PAYMENT
   ORDER
   
   If a receiving bank fails to accept a payment order that it is obliged
   by express agreement to accept, the bank is liable for breach of the
   agreement to the extent provided in the agreement or in this Article,
   but does not otherwise have any duty to accept a payment order or,
   before acceptance, to take any action, or refrain from taking action,
   with respect to the order except as provided in this Article or by
   express agreement. Liability based on acceptance arises only when
   acceptance occurs as stated in Section 17 of this act, and liability
   is limited to that provided in this Article. A receiving bank is not
   the agent of the sender or beneficiary of the payment order it
   accepts, or of any other party to the funds transfer, and the bank
   owes no duty to any party to the funds transfer except as provided in
   this Article or by express agreement.