{"data":{"id":"us-ms/miss.-code-ann.-75-4a-105","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 75-4A-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 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 75-1-201(b)(8)).\n(b) Other definitions applying to this chapter and the sections in which they appear are:\n“Acceptance” Section 75-4A-209\n“Beneficiary” Section 75-4A-103\n“Beneficiary’s bank” Section 75-4A-103\n“Executed” Section 75-4A-301\n“Execution date” Section 75-4A-301\n“Funds transfer” Section 75-4A-104\n“Funds-transfer system rule” Section 75-4A-501\n“Intermediary bank” Section 75-4A-104\n“Originator” Section 75-4A-104\n“Originator’s bank” Section 75-4A-104\n“Payment by beneficiary’s\nbank to beneficiary” Section 75-4A-405\n“Payment by originator to\nbeneficiary” Section 75-4A-406\n“Payment by sender to\nreceiving bank” Section 75-4A-403\n“Payment date” Section 75-4A-401\n“Payment order” Section 75-4A-103\n“Receiving bank” Section 75-4A-103\n“Security procedure” Section 75-4A-201\n“Sender” Section 75-4A-103\n(c) The following definitions in Title 75, Chapter 4, apply to this chapter:\n“Clearinghouse” Section 75-4-104\n“Item” Section 75-4-104\n“Suspends payments” Section 75-4-104\n(d) In addition Title 75, Chapter 1, contains general definitions and principles of construction and interpretation applicable throughout this chapter.","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":"1a56e82a0f696a75d79458fc5f241bf6f95904517f14a49475fa7de5c51d8079","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-75-4a-104","next":"us-ms/miss.-code-ann.-75-4a-106","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."}