12 C.F.R. § 210.31
Payment by a Federal Reserve Bank to a receiving bank or beneficiary
(a) Payment to a receiving bank. Payment of a Federal Reserve Bank's obligation to pay a receiving bank (other than a Federal Reserve Bank) occurs at the earlier of the time when the amount of the payment order is credited to the receiving bank's account or when the payment order is sent to the receiving bank.
(b) Payment to a beneficiary. Payment by a Federal Reserve Bank to a beneficiary of a payment order, where the Federal Reserve Bank is the beneficiary's bank, occurs at the earlier of the time when the amount of the payment order is credited to the beneficiary's account or when notice of the credit is sent to the beneficiary.
Notes of Decisions
Cited in 2
cases (1 in the last 5 years), 2012–2022 · leading case: Rick Singleton v. Fifth Third Bank, 977 N.E.2d 958 (Ind. Ct. App. 2012).
Rick Singleton v. Fifth Third Bank, 977 N.E.2d 958 (Ind. Ct. App. 2012). “See also 12 CFR § 210.31 ("(a) Payment to a receiving bank.”
Horta Suarez v. Internal Revenue Serv. (S.D.N.Y. 2022). “at 16-17) (all bold in original). In addition to the complaint, Petitioner has also filed: (1) a “Motion to United States District Court Southern District of New York for Transfer to cure want of jurisdiction in Petition for Payment of Bank Deposit Instrument” (ECF 3); (2) 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.