{"data":{"id":"us-ms/miss.-code-ann.-75-4a-103","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 75-4A-103","heading":"Payment order—Definitions.","body":"(a) In this chapter:\n(1) “Payment order” means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if:\n(i) The instruction does not state a condition to payment to the beneficiary other than time of payment;\n(ii) The receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender; and\n(iii) The instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system, or communication system for transmittal to the receiving bank.\n(2) “Beneficiary” means the person to be paid by the beneficiary’s bank.\n(3) “Beneficiary’s bank” means the bank identified in a payment order in which an account of the beneficiary is to be credited pursuant to the order or which otherwise is to make payment to the beneficiary if the order does not provide for payment to an account.\n(4) “Receiving bank” means the bank to which the sender’s instruction is addressed.\n(5) “Sender” means the person giving the instruction to the receiving bank.\n(b) If an instruction complying with subsection (a)(1) is to make more than one payment to a beneficiary, the instruction is a separate payment order with respect to each payment.\n(c) A payment order is issued when it is sent to the receiving bank.","path":["Title 75. Regulation of Trade, Commerce and Investments","Chapter 4A. Uniform Commercial Code—Funds Transfers","Part 1. Subject Matter and Definitions."],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.75.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:13Z","sha256":"f368af3d9d1473a4308b37243597b0bc5f90b42db46b69d7427f7b23a466a381","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-75-4a-102","next":"us-ms/miss.-code-ann.-75-4a-104","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ms","title":"Mississippi Release 78 supplement","text":"Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows.","url":"https://archive.org/details/gov.ms.code.ann.2018"}]},"notice":"GroundRules: Original legal text. Not legal advice."}