§12A-4A-303.

§12A-4A-303.
   
   ERRONEOUS EXECUTION OF PAYMENT ORDER
   
   (a) A receiving bank that (i) executes the payment order of the sender
   by issuing a payment order in an amount greater than the amount of the
   sender's order, or (ii) issues a payment order in execution of the
   sender's order and then issues a duplicate order, is entitled to
   payment of the amount of the sender's order under subsection (e) of
   Section 27 of this act if that subsection is otherwise satisfied. The
   bank is entitled to recover from the beneficiary of the erroneous
   order the excess payment received to the extent allowed by the law
   governing mistake and restitution.
   
   (b) A receiving bank that executes the payment order of the sender by
   issuing a payment order in an amount less than the amount of the
   sender's order is entitled to payment of the amount of the sender's
   order under subsection (c) of Section 27 of this act if (i) that
   subsection is otherwise satisfied and (ii) the bank corrects its
   mistake by issuing an additional payment order for the benefit of the
   beneficiary of the sender's order. If the error is not corrected, the
   issuer of the erroneous order is entitled to receive or retain payment
   from the sender of the order it accepted only to the extent of the
   amount of the erroneous order. This subsection does not apply if the
   receiving bank executes the sender's payment order by issuing a
   payment order in an amount less than the amount of the sender's order
   for the purpose of obtaining payment of its charges for services and
   expenses pursuant to instruction of the sender.
   
   (c) If a receiving bank executes the payment order of the sender by
   issuing a payment order to a beneficiary different from the
   beneficiary of the sender's order and the funds transfer is completed
   on the basis of that error, the sender of the payment order that was
   erroneously executed and all previous senders in the funds transfer
   are not obliged to pay the payment orders they issued. The issuer of
   the erroneous order is entitled to recover from the beneficiary of the
   order the payment received to the extent allowed by the law governing
   mistake and restitution.