Ohio Code § 1304.79
Ohio Code § 1304.79. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1304.79.
(A) “ Funds-transfer system rule ” means either of the following: (1) A rule of an association of banks that governs transmission of payment orders by
means of a funds-transfer system of the association or rights and obligations with
respect to those orders; (2) A rule of an association of banks to the extent that it governs rights and obligations
between banks that are parties to a funds transfer in which a federal reserve bank,
acting as an intermediary bank, sends a payment order to the beneficiary's bank. (B) Except as otherwise provided in sections 1304.51 to 1304.85 of the Revised Code , the rights and obligations of a party to a funds transfer may be varied by agreement
of the affected party. (C) Except as otherwise provided in sections 1304.51 to 1304.85 of the Revised Code , a funds-transfer system rule governing rights and obligations between participating
banks using the system may be effective even if the rule conflicts with those sections
and indirectly affects another party to the funds transfer that does not consent to
the rule. A funds-transfer system rule may also govern rights and obligations of parties other
than participating banks using the system to the extent provided in division (C) of section 1304.76 , division (D) of section 1304.77 , and division (C) of section 1304.85 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1304.79
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
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Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
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Common questions
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It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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