{"data":{"id":"us-ia/iowa-code-554.12401","jurisdiction":"us-ia","citation":"Iowa Code § 554.12401","heading":"Payment date.","body":"“Payment date” of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary’s bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary’s bank and, unless otherwise determined, is the day the order is received by the beneficiary’s bank.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 12 - FUNDS TRANSFERS","Part 4 - PAYMENT"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.12401.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"18bfc90c810d26b088d6dc7d8c1cd108094cc94a7b764791fce4c15f48682150","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.12305","next":"us-ia/iowa-code-554.12402"},"notice":"GroundRules: Original legal text. Not legal advice."}