The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 4A-504)
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§ 4A—504. Order in which items and payment orders may be charged to account; order of withdrawals
from account
(a) If a receiving bank has received more than one payment order of the sender or one
or more payment orders and other items that are payable from the sender’s account,
the bank may charge the sender’s account with respect to the various orders and items
in any sequence.
(b) In determining whether a credit to an account has been withdrawn by the holder of
the account or applied to a debt of the holder of the account, credits first made
to the account are first withdrawn or applied. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)