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RSA 382-A:4A-105 · Other Definitions

Title
XXXIV-A: UNIFORM COMMERCIAL CODE
Chapter
382-A · UNIFORM COMMERCIAL CODE
Status
current
Official source linked
Yes
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382-A:4A-105 Other Definitions. –

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(a)

In this Article:

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(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.

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(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 Article.

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(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.

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(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.

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(5)

"Funds-transfer system" means a wire transfer network, automated clearing house, or other communication system of a clearing house 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.

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(6)

[Repealed.]

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(7)

"Prove" with respect to a fact means to meet the burden of establishing the fact (Section 1-201(b)(8)).

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(b)

Other definitions applying to this Article and the sections in which they appear are: "Acceptance" Section 4A-209. "Beneficiary" Section 4A-103. "Beneficiary's bank" Section 4A-103. "Executed" Section 4A-301. "Execution date" Section 4A-301. "Funds transfer" Section 4A-104. "Funds-transfer system rule" Section 4A-501. "Intermediary bank" Section 4A-104. "Originator" Section 4A-104. "Originator's bank" Section 4A-104. "Payment by beneficiary's bank to beneficiary" Section 4A-405. "Payment by originator to beneficiary" Section 4A-406. "Payment by sender to receiving bank" Section 4A-403. "Payment date" Section 4A-401. "Payment order" Section 4A-103. "Receiving bank" Section 4A-103. "Security procedure" Section 4A-201. "Sender" Section 4A-103.

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(c)

The following definitions in Article 4 apply to this Article: "Clearing house" Section 4-104. "Item" Section 4-104. "Suspends payments" Section 4-104.

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(d)

In addition Article 1 contains general definitions and principles of construction and interpretation applicable throughout this Article. Source. 1993, 346:7, eff. Jan. 1, 1994. 2006, 169:11, 16, V, eff. Jan. 1, 2007.

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Source note

Source. 1993, 346:7, eff. Jan. 1, 1994. 2006, 169:11, 16, V, eff. Jan. 1, 2007.

Source history

  • 1993, 346:7, eff. Jan. 1, 1994
  • 2006, 169:11, 16, V, eff. Jan. 1, 2007

Related materials

Bill relationships

  • 2026 HB1066 reference

    installment sale, or other similar agreement to acquire use or ownership of such equipment as is from time to time required by the municipality. For purposes of this section and RSA 382-A, building or facility improvements related to the installation, purpose, or operation of such equipment shall be deemed to constitute equipment and the costs of such improvements may be financed through lease agreements

  • 2026 HB1066-FN reference

    installment sale, or other similar agreement to acquire use or ownership of such equipment as is from time to time required by the municipality. For purposes of this section and RSA 382-A, building or facility improvements related to the installation, purpose, or operation of such equipment shall be deemed to constitute equipment and the costs of such improvements may be financed through lease agreements

  • 2026 HB1748 reference · effective 2027-01-01

    V. Any mortgage, pledge, or security interest made by the authority under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and all other laws from the time when the mortgage, pledge, or security interest is made. The property or revenues so mortgaged, pledged, or subjected to a security interest then held or thereafter acquired or received

  • 2026 HB1748-FN reference · effective 2027-01-01

    V. Any mortgage, pledge, or security interest made by the authority under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and all other laws from the time when the mortgage, pledge, or security interest is made. The property or revenues so mortgaged, pledged, or subjected to a security interest then held or thereafter acquired or received

  • 2026 SB56 reference · effective 2031-07-01

    rfected from the time when the security document is executed with or without any subsequent physical delivery or segregation of the money and without any filing or recording under RSA 382-A or otherwise] A pledge of property, revenues, or other collateral by the authority to secure the payment of principal or redemption price of, or interest on, any bonds, or any reimbursement or similar agreement with any