§ 4-A-501 Variation by Agreement and Effect of Funds-Transfer System Rule
§ 4-A-502 Creditor Process Served on Receiving Bank; Set Off by Beneficiary's Bank
§ 4-A-503 Injunction or Restraining Order With Respect to Funds Transfer
§ 4-A-504 Order in Which Items and Payment Orders May Be Charged to Account; Order of Withdrawals From Account
§ 4-A-505 Preclusion of Objection to Debit of Customer's Account
§ 4-A-506 Rate of Interest
§ 4-A-507 Choice of Law

Terms Used In New York Laws > Uniform Commercial Code > Article 4-A > Part 5 - Miscellaneous Provisions

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • 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
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Service of process: The service of writs or summonses to the appropriate party.