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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 28:4A-505: Preclusion of objection to debit of customer’s account.

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Where this section sits in the code
  1. Title 28. Commercial Instruments and Transactions. [Enacted title]
  2. Subtitle I. Uniform Commercial Code.
  3. Article 4A. Funds Transfers.
  4. Part 1. Subject Matter and Definitions.

If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer’s objection to the payment within one year after the notification was received by the customer.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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