Transcription of Funds Transfers under UCC Article 4A ... - Flowers Davis Pllc
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Funds Transfers under UCC Article 4A ... - Flowers Davis Pllc
332 QUARTERLY REPORT. Funds Transfers under UCC Article 4A: What is a commercially reasonable security system ? By Stuart R. Hene [Ed. note: The Oklahoma Bar As- cash, but obviously coin and currency sociation (OBA) inancial Institutions are not practical in these circumstances. and Commercial Law Section, through Instead, a transfer of Funds between its Legislative Review Subcommit- two bank accounts and probably two tee, reviews prospective legislation in different banks will be needed. Among Oklahoma to assess and better assure the basic alternatives are: (1) the use its fit into other, related Oklahoma of a negotiable instrument governed law. The Section also participates in by Uniform Commercial Code (UCC). writing, in conjunction with the OBA Articles 3 and 4; or (2) a Funds transfer Uniform Laws Committee, reports on governed by UCC Article 4A.]
332 QUARTERLY REPORT QUARTERLY REPORT 333 Funds Transfers under UCC Article 4A: What is a Commercially Reasonable Security System? By Stuart R. Hene
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