Rhode Island General Laws > Chapter 6A-4.1 > Part 3 – Execution of Sender’s Payment Order by Receiving Bank


§ 6A-4.1-301	Execution and execution date
§ 6A-4.1-302	Obligations of receiving bank in execution of payment order
§ 6A-4.1-303	Erroneous execution of payment order
§ 6A-4.1-304	Duty of sender to report erroneously executed payment order
§ 6A-4.1-305	Liability for late or improper execution or failure to execute payment order

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.
person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.