§ 4-1101 Short title
§ 4-1102 Subject matter
§ 4-1103 Payment order; definitions
§ 4-1104 Funds transfer; definitions
§ 4-1105 Other definitions
§ 4-1106 Time payment order received
§ 4-1107 Federal reserve regulations and operating circulars
§ 4-1109 Relationship to federal Electronic Fund Transfer Act
§ 4-1201 Security procedure
§ 4-1202 Authorized and verified payment orders
§ 4-1203 Unenforceability of certain verified payment orders
§ 4-1204 Refund of payment and duty of customer to report with respect to unauthorized payment order
§ 4-1205 Erroneous payment orders
§ 4-1206 Transmission of payment order through funds transfer or other communication system
§ 4-1207 Misdescription of beneficiary
§ 4-1208 Misdescription of intermediary bank or beneficiary’s bank
§ 4-1209 Acceptance of payment order
§ 4-1210 Rejection of payment order
§ 4-1211 Cancellation and amendment of payment order
§ 4-1212 Liability and duty of receiving bank regarding unaccepted payment order
§ 4-1301 Execution and execution date
§ 4-1302 Obligations of receiving bank in execution of payment order
§ 4-1303 Erroneous execution of payment order
§ 4-1304 Duty of sender to report erroneously executed payment order
§ 4-1305 Liability for late or improper execution or failure to execute payment order
§ 4-1401 Payment date
§ 4-1402 Obligation of sender to pay receiving bank
§ 4-1403 Payment by sender to receiving bank
§ 4-1404 Obligation of beneficiary’s bank to pay and give notice to beneficiary
§ 4-1405 Payment by beneficiary’s bank to beneficiary
§ 4-1406 Payment by originator to beneficiary; discharge of underlying obligation
§ 4-1501 Variation by agreement and effect of funds transfer system rule
§ 4-1502 Creditor process served on receiving bank; setoff by beneficiary’s bank
§ 4-1503 Injunction or restraining order with respect to funds transfer
§ 4-1504 Order in which items and payment orders may be charged to account; order of withdrawals from account
§ 4-1505 Preclusion of objection to debit of customer’s account
§ 4-1506 Rate of interest
§ 4-1507 Choice of law

Terms Used In Maine Revised Statutes > Title 11 > Article 4-A

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Associated radiological concerns: means radioactive elements other than radon, including, but not limited to, radium, thorium, uranium and their respective decay products. See Maine Revised Statutes Title 22 Sec. 772
  • 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
  • Child or children: means a person who has not attained the age of 18 years. See Maine Revised Statutes Title 15 Sec. 225
  • Commissioner: means the Commissioner of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 1-A
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Dependent: A person dependent for support upon another.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Division: means the division of environmental health within the Department of Health and Human Services. See Maine Revised Statutes Title 22 Sec. 772
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Executor: A male person named in a will to carry out the decedent
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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
  • Grantor: means the person who conveys a freehold estate or interest in land. See Maine Revised Statutes Title 15 Sec. 225
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • in writing: include printing and other modes of making legible words. See Maine Revised Statutes Title 15 Sec. 225
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Listed facility: means a radon testing facility that is designated as providing radon analysis services and that has proven its proficiency to the department. See Maine Revised Statutes Title 22 Sec. 772
  • Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 15 Sec. 225
  • Month: means a calendar month. See Maine Revised Statutes Title 15 Sec. 225
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Quorum: The number of legislators that must be present to do business.
  • Radon: means the radioactive gaseous element and its decay products produced by the disintegration of the element radium in air, water, soil or other media. See Maine Revised Statutes Title 22 Sec. 772
  • Radon testing services: means providing, for remuneration, determination of radon levels or analysis of an authorized radon testing device. See Maine Revised Statutes Title 22 Sec. 772
  • Real estate: includes lands and all tenements and hereditaments connected therewith, and all rights thereto and interests therein. See Maine Revised Statutes Title 15 Sec. 225
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • Year: means a calendar year, unless otherwise expressed. See Maine Revised Statutes Title 15 Sec. 225