Tex. Bus. & Com. Code § 4A.401
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
"Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.
Tex. Bus. and Comm. Code § 4A.401