{"data":{"id":"us-ky/krs-355.4a-212","jurisdiction":"us-ky","citation":"KRS 355.4A-212","heading":"Liability and duty of receiving bank regarding unaccepted payment","body":"order.\nIf a receiving bank fails to accept a payment order that it is obliged by express agreement\nto accept, the bank is liable for breach of the agreement to the extent provided in the\nagreement or in this article, but does not otherwise have any duty to accep t a payment\norder or, before acceptance, to take any action, or refrain from taking action, with respect\nto the order except as provided in this article or by express agreement. Liability based on\nacceptance arises only when acceptance occurs as stated in KRS 355.4A-209, and liability\nis limited to that provided in this article. A receiving bank is not the agent of the sender or\nbeneficiary of the payment order it accepts, or of any other party to the funds transfer, and\nthe bank owes no duty to any party t o the funds transfer except as provided in this article\nor by express agreement.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33574","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"e4bafa37b0b58c816e4711243db4cc5976c6646ec5a55c9dda3305e6e18bd433","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.4a-211","next":"us-ky/krs-355.4a-301"},"notice":"GroundRules: Original legal text. Not legal advice."}