{"data":{"id":"us-ga/o.c.g.a.-11-4a-106","jurisdiction":"us-ga","citation":"O.C.G.A. § 11-4A-106","heading":"Time payment order is received.","body":"(a) The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to receipt of a notice stated in Code Section 11-1-202. 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 canceling 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 canceling 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(b) If 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 11 Commercial Code","Article 4A Funds Transfers","PART 1 Subject Matter and Definitions"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.11.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"8157bbe47b4d5427fe59b7cd51549f2a2aeadac0143b87ce50358786a6ef3a27","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-11-4a-105","next":"us-ga/o.c.g.a.-11-4a-107"},"notice":"GroundRules: Original legal text. Not legal advice."}