{"data":{"id":"us-la/rs-10-4a-105","jurisdiction":"us-la","citation":"RS 10:4A-105","heading":"Other definitions","body":"(a) In this Chapter:\n(1) \"Authorized account\" means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.\n(2) \"Bank\" means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this Chapter.\n(3) \"Customer\" means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders.\n(4) \"Funds-transfer business day\" of a receiving bank means the part of a day during which the receiving bank is open for the receipt, processing, and transmittal of payment orders and cancellations and amendments of payment orders.\n(5) \"Funds-transfer system\" means a wire transfer network, automated clearing house, or other communication system of a clearing house or other association of banks through which a payment order by a bank may be transmitted to the bank to which the order is addressed.\n(6) [Reserved.]\n(7) \"Prove\" with respect to a fact means to meet the burden of establishing the fact (R.S. 10:1-201(b)(8)).\n(b) Other definitions applying to this Chapter and the Sections in which they appear are:\n\"Acceptance\"\nR.S. 10:4A-209\n\"Beneficiary\"\nR.S. 10:4A-103\n\"Beneficiary's bank\"\nR.S. 10:4A-103\n\"Executed\"\nR.S. 10:4A-301\n\"Execution date\"\nR.S. 10:4A-301\n\"Funds transfer\"\nR.S. 10:4A-104\n\"Funds-transfer system rule\"\nR.S. 10:4A-501\n\"Intermediary bank\"\nR.S. 10:4A-104\n\"Originator\"\nR.S. 10:4A-104\n\"Originator's bank\"\nR.S. 10:4A-104\n\"Payment by beneficiary's bank\nto beneficiary\nR.S. 10:4A-405\n\"Payment by originator to beneficiary\"\nR.S. 10:4A-406\n\"Payment by sender to receiving bank\"\nR.S. 10:4A-403\n\"Payment date\"\nR.S. 10:4A-401\n\"Payment order\"\nR.S. 10:4A-103\n\"Receiving bank\"\nR.S. 10:4A-103\n\"Security procedure\"\nR.S. 10:4A-201\n\"Sender\"\nR.S. 10:4A-103\n(c) The following definitions in Chapter 4 apply to this Chapter:\n\"Clearing house\"\nR.S. 10:4-104\n\"Item\"\nR.S. 10:4-104\n\"Suspends payments\"\nR.S. 10:4-104\n(d) In addition Chapter 1 contains general definitions and principles of construction and interpretation applicable throughout this Chapter.","path":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74237","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:04Z","sha256":"884d3bcf7077aa4ee55ccd905406db39c491583bacfd8166642a1e2d07b52cfd","source_id":"us-la","stale":false,"prev":"us-la/rs-10-4a-104","next":"us-la/rs-10-4a-106"},"notice":"GroundRules: Original legal text. Not legal advice."}