(4A-106) Time payment order is received
N.D. Cent. Code § 41-04.1-06
in effect41-04.1-06. (4A-106) Time payment order is received
1. The time of receipt of a payment order or communication canceling or amending a
payment order is determined by the rules applicable to receipt of a notice stated under
section 41-01-10. A receiving bank may fix a cutoff time or times on a funds-transfer
business day for the receipt and processing of payment orders and communications
canceling or amending payment orders. Different cutoff times may apply to payment
orders, cancellations, or amendments, or to different categories of payment orders,
cancellations, or amendments. A cutoff time may apply to senders generally or
different cutoff times may apply to different senders or categories of payment orders. If
a payment order or communication canceling or amending a payment order is
received after the close of a funds-transfer business day or after the appropriate cutoff
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.
2. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c04-1.pdf#nameddest=41-04p1-06Fetched: 10/16/2026