This subsection of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code (Chapter 382-A), governs payment orders and the identification of intermediary banks or beneficiary’s banks. It outlines the rules and obligations for receiving banks, sending banks, and non-bank senders in cases where the intermediary bank or beneficiary’s bank is identified only by an identifying number or both by name and an identifying number. The receiving bank may rely on the number as the proper identification of the bank and is not required to determine whether the number identifies a bank.

This legal document governs the acceptance of payment orders in the context of commercial transactions. It applies to receiving banks, beneficiary’s banks, and originator’s banks involved in payment orders. The document outlines the conditions under which a receiving bank and a beneficiary’s bank accept a payment order. It specifies that a receiving bank accepts a payment order when it executes the order, while a beneficiary’s bank accepts a payment order at the earliest of several specified times.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code (Chapter 382-A), governs the rejection of payment orders in banking transactions. It outlines the process by which a receiving bank can reject a payment order and the requirements for providing notice of rejection to the sender. The document also establishes the obligations of a bank that fails to execute a payment order despite having sufficient funds in the sender’s account.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the cancellation and amendment of payment orders. It applies to senders and receiving banks involved in payment orders. The document outlines the requirements for effective cancellation or amendment of payment orders, including the need for verification through a security procedure or agreement from the bank. It also specifies that cancellation or amendment is not effective after acceptance unless agreed upon by the receiving bank or allowed by a funds-transfer system rule.

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.

(a) A payment order is ’executed’ by the receiving bank when it issues a payment order intended to carry out the payment order received by the bank. A payment order received by the beneficiary’s bank can be accepted but cannot be executed. (b) ‘Execution date’ of a payment order means the day on which the receiving bank may properly issue a payment order in execution of the sender’s order. The execution date may be determined by instruction of the sender but cannot be earlier than the day the order is received and, unless otherwise determined, is the day the order is received.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, outlines the obligations of a receiving bank when executing a payment order. The receiving bank is required to issue a payment order that complies with the sender’s instructions and follows any instructions regarding intermediary banks or funds-transfer systems. If the sender’s instruction indicates an expedited funds transfer, the receiving bank must transmit the payment order accordingly.

This legal document governs the erroneous execution of payment orders. It applies to receiving banks, senders of payment orders, and beneficiaries of payment orders. The document outlines the entitlements and obligations of receiving banks in cases where payment orders are executed erroneously. If a receiving bank issues a payment order in an amount greater than the sender’s order or issues a duplicate order, the bank is entitled to payment of the sender’s order amount and can recover the excess payment from the beneficiary.

If the sender of a payment order that is erroneously executed as stated in Section 4A-303 receives notification from the receiving bank that the order was executed or that the sender’s account was debited with respect to the order, the sender has a duty to exercise ordinary care to determine, on the basis of information available to the sender, that the order was erroneously executed and to notify the bank of the relevant facts within a reasonable time not exceeding 90 days after the notification from the bank was received by the sender.

This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the liability of receiving banks in cases of late or improper execution or failure to execute a payment order. If a funds transfer is completed but the receiving bank breaches Section 4A-302, resulting in a delay in payment to the beneficiary, the bank is obliged to pay interest for the period of delay caused by the improper execution.