§ 6A-4.1-505 - Preclusion of objection to debit of customer's account. - Rhode Island Statutes

SECTION 6A-4.1-505

   § 6A-4.1-505  Preclusion of objection todebit of customer's account. – If a receiving bank has received payment from its customer with respect to apayment order issued in the name of the customer as sender and accepted by thebank, and the customer received notification reasonably identifying the order,the customer is precluded from asserting that the bank is not entitled toretain the payment unless the customer notifies the bank of the customer'sobjection to the payment within one year after the notification was received bythe customer.