KRS 355.4A-206: Transmission of payment order through funds -- Transfer or other

communication system.

(1) If a payment order addressed to a receiving bank is transmitted to a funds -transfer

system or other third -party communication system for transmittal to the b ank, the

system is deemed to be an agent of the sender for the purpose of transmitting the

payment order to the bank. If there is a discrepancy between the terms of the

payment order transmitted to the system and the terms of the payment order

transmitted by the system to the bank, the terms of the payment order of the sender

are those transmitted by the system. This section does not apply to a funds -transfer

system of the Federal Reserve Banks.

(2) This section applies to cancellations and amendments of payment orders to the same

extent it applies to payment orders.