{"data":{"id":"us-ky/krs-355.4a-104","jurisdiction":"us-ky","citation":"KRS 355.4A-104","heading":"Funds transfer -- Definitions.","body":"In this article:\n(1) \"Funds transfer\" means the series of transactions, beginning with the originator's\npayment order, made for the purpose of making payment to the beneficiary of the\norder. The term includes any payment order issued by the originator's bank or an\nintermediary bank intended to carry out the originator's payment order. A funds\ntransfer is completed by acceptance by the beneficiary's bank of a payment order for\nthe benefit of the beneficiary of the originator's payment order.\n(2) \"Intermediary bank\" means a recei ving bank other than the originator's bank or the\nbeneficiary's bank.\n(3) \"Originator\" means the sender of the first payment order in a funds transfer.\n(4) \"Originator's bank\" means:\n(a) The receiving bank to which the payment order of the originator is is sued if\nthe originator is not a bank; or\n(b) The originator if the originator is a bank.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33558","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"c1ec791135ceebcb9058cb70e450c6feec94e24a5f1f4ef9921fd5003aebd2a2","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.4a-103","next":"us-ky/krs-355.4a-105"},"notice":"GroundRules: Original legal text. Not legal advice."}