Tex. Business & Commerce Code § 4A.206
This is the official text of Tex. Business & Commerce Code § 4A.206, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 4A.206. TRANSMISSION OF PAYMENT ORDER THROUGH FUNDS TRANSFER OR OTHER COMMUNICATION SYSTEM.
Official statutory text
(a) If a payment order addressed to a receiving bank is transmitted to a funds transfer system or other third-party communication system for transmittal to the bank, the system is deemed to be an agent of the sender for the purpose of transmitting the payment order to the bank. If there is a discrepancy between the terms of the payment order transmitted to the system and the terms of the payment order transmitted by the system to the bank, the terms of the payment order of the sender are those transmitted by the system. This section does not apply to a funds transfer system of the Federal Reserve Banks.
(b) This section applies to cancellations and amendments of payment orders to the same extent it applies to payment orders.
(b) This section applies to cancellations and amendments of payment orders to the same extent it applies to payment orders.
Status: in_force · Read it on the official government site
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