Bill Summaries: H 78 AMEND UCC ARTICLE 4A/FUNDS TRANSFERS.

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  • Summary date: Feb 6 2013 - View Summary

    Amends GS 25-4A-108, providing that Article 4A (Funds Transfers) of the Uniform Commercial Code applies to a remittance transfer as defined in the Electronic Fund Transfer Act (Act) unless the transfer is an electronic fund transfer. Specifies that the Act governs in a conflict with Article 4A. Makes a conforming change.