Sec. 42a-4A-401. Payment date.
Sec. 42a-4A-401. Payment date. "Payment date" of a payment order means the
day on which the amount of the order is payable to the beneficiary by the beneficiary's
bank. The payment date may be determined by instruction of the sender but cannot be
earlier than the day the order is received by the beneficiary's bank and, unless otherwise
determined, is the day the order is received by the beneficiary's bank.
(P.A. 90-202, S. 1(4A-401), 3.)