§ 70A-4a-301 “Execution” and “execution date.”
§ 70A-4a-302 Obligations of receiving bank in execution of payment order
§ 70A-4a-303 Erroneous execution of payment order
§ 70A-4a-304 Duty of sender to report erroneously executed payment order
§ 70A-4a-305 Liability for late or improper execution or failure to execute payment order
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Terms Used In Utah Code > Title 70A > Chapter 4a > Part 3 - Execution of Sender's Payment Order by Receiving Bank

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.