§ 355-4a-504

355.4 A-504 Order in which items and payment orders may be charged to account - - Order of withdrawals from account. (1) If a receiving bank has received more than one (1) payment order of the sender or one (1) or more payment orders and other items that are pa yable from the sender's account, the bank may charge the sender's account with respect to the various orders and items in any sequence. (2) In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt o f the holder of the account, credits first made to the account are first withdrawn or applied. Effective: July 14, 1992 History: Created 1992 Ky. Acts ch. 116, sec. 58, effective July 14, 1992.