§ 42a-4a-105

(a) In this article:(1) 'Authorized account' means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.(2) 'Bank' means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this article.(3) 'Customer' means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders.(4) 'Funds-transfer business day' of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders.(5) 'Funds-transfer system' means a wire-transfer network, automated clearing house, or other communication system of a clearing house or other association of banks through which a

of payment orders.(5) 'Funds-transfer system' means a wire-transfer network, automated clearing house, or other communication system of a clearing house or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.(6) 'Prove' with respect to a fact means to meet the burden of establishing the fact.(b) Other definitions applying to this article and the section in which they appear are:'Acceptance'. Section 42a-4A-209.'Beneficiary'. Section 42a-4A-103.'Beneficiary's bank'. Section 42a-4A-103.'Executed'. Section 42a-4A-301.'Execution date'. Section 42a-4A-301.'Funds transfer'. Section 42a-4A-104.'Funds-transfer system rule'. Section 42a-4A-501.'Intermediary bank'. Section 42a-4A-104.'Originator'. Section 42a-4A-104.'Originator's bank'. Section 42a-4A-104.'Payment by beneficiary's bank to beneficiary'. Section 42a-4A-405.'Payment by originator to beneficiary'. Section 42a-4A-406.'Payment by sender to receiving bank'. Section 42a-4A-403.'Payment date'. Section 42a-4A-401.'Payment order'. Section 42a-4A-103.'Receiving bank'. Section 42a-4A-103.'Security procedure'. Section 42a-4A-201.'Sender'.

r to receiving bank'. Section 42a-4A-403.'Payment date'. Section 42a-4A-401.'Payment order'. Section 42a-4A-103.'Receiving bank'. Section 42a-4A-103.'Security procedure'. Section 42a-4A-201.'Sender'. Section 42a-4A-103.(c) The following definitions in article 4 apply to this article:'Clearing house'. Section 42a-4-104.'Item'. Section 42a-4-104.'Suspends payments'. Section 42a-4-104.(d) In addition, article 1 contains general interpretation applicable throughout this article.(P.A. 90-202, S. 1(4A-105), 3; P.A. 05-109, S. 31.)History: P.A. 05-109 amended Subsec. (a) by deleting definition of 'good faith' and making technical changes to conform to revisions made to article 1 by the same act.