§ 10:4A-301 Execution and execution date
§ 10:4A-302 Obligations of receiving bank in execution of payment order
§ 10:4A-303 Erroneous execution of payment order
§ 10:4A-304 Duty of sender to report erroneously executed payment order
§ 10:4A-305 Liability for late or improper execution or failure to execute payment order

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Louisiana Revised Statutes > Title 10 > Chapter 4-A > Part 3 - Execution of Sender's Payment Order by Receiving Banks

  • Clerk of court: An officer appointed by the court to work with the chief judge in overseeing the court's administration, especially to assist in managing the flow of cases through the court and to maintain court records.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Summons: Another word for subpoena used by the criminal justice system.
  • Testify: Answer questions in court.