{"data":{"id":"us-sd/sdcl-57a-4a-106","jurisdiction":"us-sd","citation":"SDCL § 57A-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 § 57A-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.\nSource: SL 1991, ch 397, § 1; SL 2008, ch 259, § 38.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-4A. FUNDS TRANSFERS"],"source_url":"https://sdlegislature.gov/Statutes/57A-4A-106","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"793f106f9743876470cbafb92a490da4fa953871e58573acfc8592aac514b3b6","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-4a-105","next":"us-sd/sdcl-57a-4a-107"},"notice":"GroundRules: Original legal text. Not legal advice."}