New Jersey Statutes 12A:4-206. Transfer between banks
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Terms Used In New Jersey Statutes 12A:4-206
- Bank: means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company. See New Jersey Statutes 12A:4-105
- Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See New Jersey Statutes 12A:4-104
Any agreed method that identifies the transferor bank is sufficient for the item‘s further transfer to another bank.
L.1995,c.28,s.2.