Browse 29,249 source-backed statutes, open stored provisions, and verify official source links.
29,249 statutes · page 1,433 of 1,463
United States — Kansas
1 provisions
A beneficiary's bank must pay an accepted payment order to the beneficiary and give notice when required; if it fails to give required notice, it must pay interest, and the beneficiary may recover certain damages if the bank refuses to pay.
United States — Kansas
1 provisions
The beneficiary's bank's payment obligation is treated as paid when the beneficiary is notified, the credit is applied to a debt, or funds are otherwise made available; in some provisional-payment and failed-settlement cases, the bank may recover payment and acceptance can be nullified.
United States — Kansas
1 provisions
An originator must pay the beneficiary when the beneficiary’s bank accepts the payment order, up to the amount of the originator’s order.
United States — Kansas
1 provisions
A party to a funds transfer may vary its rights and obligations by agreement, unless this article provides otherwise.
United States — Kansas
1 provisions
This section limits how creditor process affects payment orders and account credits at banks, and lets the bank credit, set off, or apply funds in specified situations.
United States — Kansas
1 provisions
A court may restrain certain payment-order and funds-transfer actions for proper cause and when allowed by law, but may not otherwise restrain those actions.
United States — Kansas
1 provisions
A receiving bank may charge a sender's account in any order when it has multiple payment orders or other payable items.
United States — Kansas
1 provisions
A customer who gets notice identifying a payment order must object to the bank within one year if the customer wants to challenge the bank’s retention of the payment.
United States — Kansas
1 provisions
A receiving bank that owes interest on a payment order must determine the amount by agreement, by funds-transfer-system rule, or by the statutory formula if no agreement or rule applies.
United States — Kansas
1 provisions
This section sets default choice-of-law rules for funds transfers, but parties may agree otherwise and funds-transfer system rules can also control in some cases.
United States — Kansas
1 provisions
A receiving bank may set cut-off times for payment orders and may treat late-received orders or cancellations as received the next business day.
United States — Kansas
1 provisions
This article may be cited as Uniform Commercial Code—Letters of Credit.
United States — Kansas
1 provisions
This provision defines key terms used in the article on letters of credit.
United States — Kansas
1 provisions
This article applies to letters of credit and related rights and obligations, and it sets limits on how the article’s effect can be varied by agreement.
United States — Kansas
1 provisions
A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form if it is a record and is authenticated as stated in the provision.
United States — Kansas
1 provisions
Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
United States — Kansas
1 provisions
A letter of credit becomes enforceable when the issuer sends or transmits it to the advised person or beneficiary; it is revocable only if it says so, and it expires after a stated period if no expiration rule is provided.
United States — Kansas
1 provisions
This provision sets out the duties and limits of confirmers, nominated persons, and advisers for letters of credit.
United States — Kansas
1 provisions
An issuer must honor compliant presentations and dishonor noncompliant ones, follow standard banking practice, respond within a reasonable time, and return or hold documents after dishonor.
United States — Kansas
1 provisions
This provision says when an issuer must honor a letter-of-credit presentation despite forged or fraudulent documents, when it may choose whether to honor, and when a court may stop honor by injunction.