RCW 62A.4A-106
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/wa/title-62a/chapter-62a-4a/62a-4a-106·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to receipt of a notice stated in RCW 62A.1-202 . A receiving bank may fix a cut-off time or times on a funds-transfer business day for the receipt and processing of payment orders and communications canceling or amending payment orders. Different cut-off times may apply to payment orders, cancellations, or amendments, or to different categories of payment orders, cancellations, or amendments. A cut-off time may apply to senders generally or different cut-off times may apply to different senders or categories of payment orders. If a payment order or communication canceling or amending a payment order is received after the close of a funds-transfer business day or after the appropriate cut-off time on a funds-transfer business day, the receiving bank may treat the payment order or communication as received at the opening of the next funds-transfer business day.
(b)If this Article refers to an execution date or payment date or states a day on which a receiving bank is required to take action, and the date or day does not fall on a funds-transfer business day, the next day that is a funds-transfer business day is treated as the date or day stated, unless the contrary is stated in this Article.
[ 2013 c 118 s 5 ; 2012 c 214 s 1202 ; 1991 sp.s. c 21 s 4A-106.]
Notes:
Application — Savings — 2012 c 214: See notes following RCW 62A.1-101 .