Utah Code § 70A-4a-104
Funds transfer -- Definitions
Utah · Utah Code Title 70A — Uniform Commercial Code · Status: effective
Cite this
- Citation
- Utah Code § 70A-4a-104, Funds transfer -- Definitions, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2349948
- Permanent ID
ys:prov:2349948@1- SHA-256
9ee40df464ddbd8738a0dbb95f662a791379b4bde6df84a1abe1a39e9d41c144
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) "Funds transfer" means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order.
(2) "Intermediary bank" means a receiving bank other than the originator's bank or the beneficiary's bank.
(3) "Originator" means the sender of the first payment order in a funds transfer.
(4) "Originator's bank" means:
(a) the receiving bank to which the payment order of the originator is issued if the originator is not a bank; or
(b) the originator if the originator is a bank.