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NY A04976
Bill
Status
Introduced
2/10/2009
Primary Sponsor
Richard Brodsky
Click for details
AI Summary
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Amends the Uniform Commercial Code by adding new Section 4-A-109 regarding electronic withdrawal of funds
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Defines "depositor" as any person who has received written authorization to deposit funds electronically
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Makes it unlawful for a depositor who is not the account holder to electronically withdraw funds from a direct deposit account without express, written consent from the account holder for each individual withdrawal
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Takes effect 60 days after becoming law
Legislative Description
An act to amend the uniform commercial code, in relation to withdrawal of funds electronically
Last Action
referred to banks
1/6/2010
Committee Referrals
Banks2/10/2009
Full Bill Text
No bill text available