Ariz. Rev. Stat. » Title 47
Arizona Revised Statutes

Ariz. Rev. Stat. § 47-4A103 (2026)

Payment order; definitions

✓ current as of May 2026
Find cases: SyfertCases citing this section AZ-LEGazleg.gov (official) JustiaTitle on Justia CornellLII Search CasesGoogle Scholar

A. In this chapter:

1. "Payment order" means an instruction of a sender to a receiving bank, transmitted orally, electronically or in writing, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if:

(a) The instruction does not state a condition to payment to the beneficiary other than time of payment;

(b) The receiving bank is to be reimbursed by debiting an account of, or otherwise receiving payment from, the sender; and

(c) The instruction is transmitted by the sender directly to the receiving bank or to an agent, funds-transfer system or communication system for transmittal to the receiving bank.

2. "Beneficiary" means the person to be paid by the beneficiary's bank.

3. "Beneficiary's bank" means the bank identified in a payment order in which an account of the beneficiary is to be credited pursuant to the order or which otherwise is to make payment to the beneficiary if the order does not provide for payment to an account.

4. "Receiving bank" means the bank to which the sender's instruction is addressed.

5. "Sender" means the person giving the instruction to the receiving bank.

B. If an instruction complying with subsection A, paragraph 1 is to make more than one payment to a beneficiary, the instruction is a separate payment order with respect to each payment.

C. A payment order is issued when it is sent to the receiving bank.

Notes of Decisions
Cited in 2 cases, 2002–2013 · leading case: Koss Corp. v. Am. Express Co., 309 P.3d 898 (Ariz. Ct. App. 2013).
Sort: Relevance Newest Treatment
Koss Corp. v. Am. Express Co., 309 P.3d 898 (Ariz. Ct. App. 2013). · cites it 8× “” See A.R.S. § 47-4A103. As U.C.C. § 4A-203 cmt.”
Trustmark Ins. v. Bank One, Arizona, NA, 48 P.3d 485 (Ariz. Ct. App. 2002). · cites it 4× “” A.R.S. § 47-4A103(A)(l)(a); Comment 3 to UCC § 4A-104 (A.”
Ariz. Rev. Stat. § 47-4A103(A)(1): 1 case
Koss Corp. v. Am. Express Co., 309 P.3d 898 (Ariz. Ct. App. 2013). “” See A.R.S. § 47-4A103. As U.C.C. § 4A-203 cmt.”
Ariz. Rev. Stat. § 47-4A103(A)(3): 1 case
Koss Corp. v. Am. Express Co., 309 P.3d 898 (Ariz. Ct. App. 2013). “” See A.R.S. § 47-4A103. As U.C.C. § 4A-203 cmt.”
Ariz. Rev. Stat. § 47-4A103(A)(l)(a): 1 case
Trustmark Ins. v. Bank One, Arizona, NA, 48 P.3d 485 (Ariz. Ct. App. 2002). “” A.R.S. § 47-4A103(A)(l)(a); Comment 3 to UCC § 4A-104 (A.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.