554.12401 Payment date. 'Payment date' of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary’s bank. The payment date may be determinedby instruction of the sender but cannot be earlier than the day the order is received by thebeneficiary’s bank and, unless otherwise determined, is the day the order is received by thebeneficiary’s bank. 92 Acts, ch 1146, §26Referred to in §554.12105 Sat Dec 23 11:02:56 2023 Iowa Code 2024, Section 554.12401 (24, 0)
Iowa Legal Code