2010 Georgia Code 11-4a-201 Case Law
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Graham W. Syfert, Esq.

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One Click Case Law for § 11-4a-201
O.C.G.A. § 11-4a-108 <-- --> O.C.G.A. §11-4a-202



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 4A - FUNDS TRANSFERS
PART 2 - ISSUE AND ACCEPTANCE OF PAYMENT ORDER
§ 11-4A-201 - Security procedure

O.C.G.A. 11-4A-201 (2010)
11-4A-201. Security procedure


"Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of (i) verifying that a payment order or communication amending or canceling a payment order is that of the customer, or (ii) detecting error in the transmission or the content of the payment order or communication. A security procedure may require the use of algorithms or other codes, identifying words or numbers, encryption, callback procedures, or similar security devices. Comparison of a signature on a payment order or communication with an authorized specimen signature of the customer is not by itself a security procedure.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com