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Indiana General Assembly
House Bill 1224


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House Bill 1224

ARCHIVE (2013)

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DIGEST OF HB 1224 (Updated March 19, 2013 3:14 pm - DI 84)

UCC fund transfer provisions. Provides that Indiana's Uniform Commercial Code provisions governing fund transfers apply to a fund transfer that is a remittance transfer for purposes of the federal Electronic Fund Transfer Act (federal act), unless the remittance transfer is also an electronic fund transfer for purposes of the federal act. Provides that if the federal act and Indiana's statute both apply to a fund transfer, the federal act governs to the extent of any inconsistency.
Current Status:
 Law Enacted
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