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<section article="gcl" article_name="Commercial Law" number="4A-105" title_number="4A" title_name="Funds Transfers" subtitle_number="1" subtitle_name="Subject Matter and Definitions">
  <level label="a">
    <text>In this title:</text>
    <level label="1">
      <text>“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.</text>
    </level>
    <level label="2">
      <text>“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 title.</text>
    </level>
    <level label="3">
      <text>“Customer” means a person, including a bank, having an account with a bank or from whom a bank has agreed to receive payment orders.</text>
    </level>
    <level label="4">
      <text>“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.</text>
    </level>
    <level label="5">
      <text>“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.</text>
    </level>
    <level label="6">
      <text>Reserved.</text>
    </level>
    <level label="7">
      <text>“Prove” with respect to a fact means to meet the burden of establishing the fact (§ 1–208(b)(8)).</text>
    </level>
  </level>
  <level label="b">
    <text>Other definitions applying to this title and the sections in which they appear are:</text>
    <text>“Acceptance”                  § 4A–209 </text>
    <text>“Beneficiary”                  § 4A–103 </text>
    <text>“Beneficiary’s bank”              § 4A–103 </text>
    <text>“Executed”                       § 4A–301 </text>
    <text>“Execution date”                  § 4A–301 </text>
    <text>“Funds transfer”                  § 4A–104 </text>
    <text>“Funds–transfer system rule”         § 4A–501 </text>
    <text>“Intermediary bank”              § 4A–104 </text>
    <text>“Originator”                       § 4A–104 </text>
    <text>“Originator’s bank”              § 4A–104 </text>
    <text>“Payment by beneficiary’s bank to      § 4A–405</text>
    <text>beneficiary”</text>
    <text>“Payment by originator to beneficiary”    § 4A–406</text>
    <text>“Payment by sender to receiving bank”    § 4A–403</text>
    <text>“Payment date”                  § 4A–401</text>
    <text>“Payment order”                  § 4A–103</text>
    <text>“Receiving bank”                  § 4A–103</text>
    <text>“Security  procedure”              § 4A–201</text>
    <text>“Sender”                       § 4A–103</text>
  </level>
  <level label="c">
    <text>The following definitions in Title 4 of this article apply to this title:</text>
    <text>“Clearing house”                 § 4–104 </text>
    <text>“Item”                       § 4–104 </text>
    <text>“Suspends payments”              § 4–104</text>
  </level>
  <level label="d">
    <text>In addition, Title 1 of this article contains general definitions and principles of construction and interpretation applicable throughout this title.</text>
  </level>
</section>
