Sections
§ 4A-101 Short title
§ 4A-102 Subject matter
§ 4A-103 Payment order-definitions
§ 4A-104 Funds transfer-definitions
§ 4A-105 Other definitions
§ 4A-106 Time payment order is received
§ 4A-107 Federal Reserve regulations and operating circulars
§ 4A-108 Relationship to Electronic Fund Transfer Act
§ 4A-201 Security procedure
§ 4A-202 Authorized and verified payment orders
§ 4A-203 Unenforceability of certain verified payment orders
§ 4A-204 Refund of payment and duty of customer to report with respect to unauthorized payment order
§ 4A-205 Erroneous payment orders
§ 4A-206 Transmission of payment order through funds-transfer or other communication system
§ 4A-207 Misdescription of beneficiary
§ 4A-208 Misdescription of intermediary bank or beneficiary’s bank
§ 4A-209 Acceptance of payment order
§ 4A-210 Rejection of payment order
§ 4A-211 Cancellation and amendment of payment order
§ 4A-212 Liability and duty of receiving bank regarding unaccepted payment order
§ 4A-301 Execution and execution date
§ 4A-302 Obligations of receiving bank in execution of payment order
§ 4A-303 Erroneous execution of payment order
§ 4A-304 Duty of sender to report erroneously executed payment order
§ 4A-305 Liability for late or improper execution or failure to execute payment order
§ 4A-401 Payment date
§ 4A-402 Obligation of sender to pay receiving bank
§ 4A-403 Payment by sender to receiving bank
§ 4A-404 Obligation of beneficiary’s bank to pay and give notice to beneficiary
§ 4A-405 Payment by beneficiary’s bank to beneficiary
§ 4A-406 Payment by originator to beneficiary; discharge of underlying obligation
§ 4A-501 Variation by agreement and effect of funds-transfer system rule
§ 4A-502 Creditor process served on receiving bank; setoff by beneficiary’s bank
§ 4A-503 Injunction or restraining order with respect to funds transfer
§ 4A-504 Order in which items and payment orders may be charged to account; order of withdrawals from account
§ 4A-505 Preclusion of objection to debit of customer’s account
§ 4A-506 Rate of interest
§ 4A-507 Choice of law

Terms Used In Vermont Statutes > Title 9A > Article 4A - Funds Transfers

  • 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.
  • Arrest: Taking physical custody of a person by lawful authority.
  • Artificial regulation of stream flow: means the intermittent or periodic manipulation of water levels and the intermittent or periodic regulation of discharge of water into the stream below the dam. See
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Banks: means that land area immediately adjacent to the bed of the stream, which is essential in maintaining the integrity thereof. See
  • Basin: is a lso referred to as "Hydrologic Unit Code 6" or "HUC-6". See
  • Basin: means a watershed basin designated by the Secretary for use as a planning unit under subsection 1253(d) of this title. See
  • Bed: means the maximum area covered by waters of the stream for not less than 15 consecutive days in one year. See
  • 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
  • Berm: means a linear fill of earthen material on or adjacent to the bank of a watercourse that constrains waters from entering a flood hazard area or river corridor, as those terms are defined in subdivisions 752(3) and (11) of this title. See
  • Board: means the Natural Resources Board. See
  • Capacity: means the maximum volume of water capable of being withdrawn by the water withdrawal system. See
  • Clean water project: means a best management practice or other program designed to improve water quality to achieve a target established under section 922 of this title that:

  • Cross section: means the entire channel to the top of the banks. See
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Department: means the Department of Environmental Conservation. See
  • Design life: means the period of time that a clean water project is designed to operate according to its intended purpose. See
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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
  • Fees: shall mean earnings due for official services, aside from salaries or per diem compensation. See
  • 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
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Instream material: means :

  • 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.
  • Large woody debris: means any piece of wood within a watercourse with a diameter of 10 or more inches and a length of 10 or more feet that is detached from the soil where it grew. See
  • Maintenance: means ensuring that a clean water project continues to achieve its designed pollution reduction value for its design life. See
  • Municipality: shall include a city, town, town school district, incorporated school or fire district or incorporated village, and all other governmental incorporated units. See
  • Person: means any individual; partnership; company; corporation; association; unincorporated association; joint venture; trust; municipality; the State of Vermont or any agency, department, or subdivision of the State; any federal agency; or any other legal or commercial entity. See
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Secretary: means the Secretary of Natural Resources or the Secretary's duly authorized representative. See
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Standard cost: means the projected cost of achieving a pollutant load reduction per unit or per best management practice in a basin. See
  • Summons: Another word for subpoena used by the criminal justice system.
  • Surface water: means all rivers, streams, creeks, brooks, reservoirs, ponds, lakes, and all bodies of surface waters that are contained within, flow through, or border upon the State or any portion of it. See
  • Vermont Water Quality Standards: means the standards adopted pursuant to chapter 47 and subsection 6025(b) of this title. See
  • Watercourse: means any perennial stream. See
  • Watershed: means a region containing waters that drain into a particular brook, stream, river, or other body of water. See
  • Withdrawal: means the intentional diversion from a surface water by pumping, gravity, or other method for the purpose of being used for irrigation, industrial uses, snowmaking, livestock watering, water supply, aquaculture, or other off-stream uses. See