{"data":{"id":"us-mn/minn.-stat.-336.4a-105","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.4A-105","heading":"OTHER DEFINITIONS.","body":"(a) In this article:\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 association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this article.\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 clearinghouse, or other communication system of a clearinghouse 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 (section 336.1-201(b)(8)).\n(b) Other definitions applying to the article and the sections in which they appear:\n\"Acceptance.\" Section 336.4A-209.\n\"Beneficiary.\" Section 336.4A-103.\n\"Beneficiary's bank.\" Section 336.4A-103.\n\"Executed.\" Section 336.4A-301.\n\"Execution date.\" Section 336.4A-301.\n\"Funds transfer.\" Section 336.4A-104.\n\"Funds-transfer system rule.\" Section 336.4A-501.\n\"Intermediary bank.\" Section 336.4A-104.\n\"Originator.\" Section 336.4A-104.\n\"Originator's bank.\" Section 336.4A-104.\n\"Payment by beneficiary's bank to beneficiary.\" Section 336.4A-405.\n\"Payment by originator to beneficiary.\" Section 336.4A-406.\n\"Payment by sender to receiving bank.\" Section 336.4A-403.\n\"Payment date.\" Section 336.4A-401.\n\"Payment order.\" Section 336.4A-103.\n\"Receiving bank.\" Section 336.4A-103.\n\"Security procedure.\" Section 336.4A-201.\n\"Sender.\" Section 336.4A-103.\n(c) The following definitions in article 4 apply to this article:\n\"Clearinghouse.\" Section 336.4-104.\n\"Item.\" Section 336.4-104.\n\"Suspends payments.\" Section 336.4-104.\n(d) In addition, sections 336.1-101 to 336.1-206 contain general definitions and principles of construction and interpretation applicable throughout this article.","path":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","Article 4A FUND TRANSFERS","Part 1 SUBJECT MATTER AND DEFINITIONS"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.4A-105","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"a32bd3a52672b8441a2bc6cd69ff4801bda05e4f814e56ce0359baf0e7e801f6","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.4a-104","next":"us-mn/minn.-stat.-336.4a-106"},"notice":"GroundRules: Original legal text. Not legal advice."}