Mass. Gen. Laws ch. 106 § 4A-401
Current through Chapter 373 of the 2024 Legislative Session, with the exception of Acts not available as of 1/14/2025
"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 determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.
Mass. Gen. Laws ch. 106, § 4A-401