Texas Local Government Code 144.005 – No Additional Rights Created
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 144.005
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
The use of an electronic funds transfer means of payment does not create any rights that would not have been created if an individual warrant had been used as a means of payment.