Massachusetts General Laws ch. 167B sec. 13 – System malfunction; suspension of obligation
Current as of: 2024 | Check for updates
|
Other versions
Section 13. If a system malfunction prevents the effectuation of an electronic fund transfer initiated by a consumer to another person, and such other person has agreed to accept payment by such means, the consumer’s obligation to the other person shall be suspended until the malfunction is corrected and the electronic fund transfer may be completed, unless such other person has subsequently, by written request, demanded payment by means other than an electronic fund transfer.
Terms Used In Massachusetts General Laws ch. 167B sec. 13
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.