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-505)
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§ 4A—505. Preclusion of objection to debit of customer’s account
If a receiving bank has received payment from its customer with respect to a payment
order issued in the name of the customer as sender and accepted by the bank, and the
customer received notification reasonably identifying the order, the customer is precluded
from asserting that the bank is not entitled to retain the payment unless the customer
notifies the bank of the customer’s objection to the payment within one year after
the notification was received by the customer. (Added 1993, No. 158 (Adj. Sess.), § 14, eff. Jan. 1, 1995.)