{"data":{"id":"us-ar/ark.-code-ann.-4-4a-105","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-4A-105","heading":"Other definitions.","body":"(a) In this Chapter:\n(1) “Authorized account” means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.\n(2) “Bank” means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this chapter.\n(3) “Customer” means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders.\n(4) “Funds-transfer business day” of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders.\n(5) “Funds-transfer system” means a wire transfer network, automated clearinghouse, or other communication system of a clearinghouse or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.\n(6) [Reserved.]\n(7) “Prove” with respect to a fact means to meet the burden of establishing the fact (§ 4-1-201(b)(8)).\n(b) Other definitions applying to this chapter and the sections in which they appear are:\n“Acceptance”. Section 4-4A-209.\n“Beneficiary”. Section 4-4A-103.\n“Beneficiary's bank”. Section 4-4A-103.\n“Executed”. Section 4-4A-301.\n“Execution date”. Section 4-4A-301.\n“Funds transfer”. Section 4-4A-104.\n“Funds-transfer system rule”. Section 4-4A-501.\n“Intermediary bank”. Section 4-4A-104.\n“Originator”. Section 4-4A-104.\n“Originator's bank”. Section 4-4A-104.\n“Payment by beneficiary's bank to beneficiary”. Section 4-4A-405.\n“Payment by originator to beneficiary”. Section 4-4A-406.\n“Payment by sender to receiving bank”. Section 4-4A-403.\n“Payment date”. Section 4-4A-401.\n“Payment order”. Section 4-4A-103.\n“Receiving bank”. Section 4-4A-103.\n“Security procedure”. Section 4-4A-201.\n“Sender”. Section 4-4A-103.\n(c) The following definitions in Chapter 4 apply to this chapter:\n“Clearinghouse”. Section 4-4-104.\n“Item”. Section 4-4-104.\n“Suspends payments”. Section 4-4-104.\n(d) In addition Chapter 1 of this title contains general definitions and principles of construction and interpretation applicable throughout this chapter.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 4A Funds Transfers","Part 1 — Subject Matter and Definitions"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"7d8e2e1109c614a90ec79153ba9a46b3ceb88c50f9eaae653556dca4ef7d5201","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-4a-104","next":"us-ar/ark.-code-ann.-4-4a-106"},"notice":"GroundRules: Original legal text. Not legal advice."}