{"data":{"id":"us-la/rs-10-4a-106","jurisdiction":"us-la","citation":"RS 10:4A-106","heading":"Time payment order is received","body":"(a) The time of receipt of a payment order or communication cancelling or amending a payment order is determined by the rules applicable to receipt of a notice stated in R.S. 10:1-202. 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 cancelling 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 cancelling 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 Chapter 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 Chapter.","path":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74238","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:05Z","sha256":"48de77bcdf6f7fad8f89302a9c63f561f69fe00fb071d674ad8a0a437f1b2fe4","source_id":"us-la","stale":false,"prev":"us-la/rs-10-4a-105","next":"us-la/rs-10-4a-107"},"notice":"GroundRules: Original legal text. Not legal advice."}