{"data":{"id":"us-dc/d.c.-code-28-4a-106","jurisdiction":"us-dc","citation":"D.C. Code § 28:4A-106","heading":"Time payment order is received.","body":"(a)\nThe time of receipt of a payment order or communication cancelling or amending a payment order is determined by the rules applicable to receipt of a notice stated in § 28:1-202. A receiving bank may fix a cut-off time or times on a funds-transfer business day for the receipt and processing of payment orders and communications cancelling or amending payment orders. Different cut-off times may apply to payment orders, cancellations, or amendments, or to different categories of payment orders, cancellations, or amendments. A cut-off time may apply to senders generally or different cut-off times may apply to different senders or categories of payment orders. If a payment order or communication cancelling or amending a payment order is received after the close of a funds-transfer business day or after the appropriate cut-off time on a funds-transfer business day, the receiving bank may treat the payment order or communication as received at the opening of the next funds-transfer business day.\n\n(b)\nIf this article refers to an execution date or payment date or states a day on which a receiving bank is required to take action, and the date or day does not fall on a funds-transfer business day, the next day that is a funds-transfer business day is treated as the date or day stated, unless the contrary is stated in this article.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 4A. Funds Transfers.","Part 1. Subject Matter and Definitions."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:4A-106","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"2350421b1c18b24961d547fd7e8743cd8616beaf68994ceb1fdbd2bbba4b5c16","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-4a-105","next":"us-dc/d.c.-code-28-4a-107"},"notice":"GroundRules: Original legal text. Not legal advice."}