---
title: O.C.G.A. § 11-4A-301. Execution and execution date.
collection: code
id: 11-4A-301
cite_as: O.C.G.A. § 11-4A-301 (2025)
canonical_url: https://georgiacommons.org/code/11-4A-301
md_url: https://georgiacommons.org/code/11-4A-301.md
text_url: https://georgiacommons.org/code/11-4A-301/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=559
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/11-4A.md
previous: https://georgiacommons.org/code/11-4A-212.md
next: https://georgiacommons.org/code/11-4A-302.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / FUNDS TRANSFERS / EXECUTION OF SENDER’S PAYMENT ORDER BY RECEIVING BANK
---

# O.C.G.A. § 11-4A-301. Execution and execution date.

(a) A payment order is “executed” by the receiving bank when it issues a payment order intended to carry out the payment order received by the bank. A payment order received by the beneficiary’s bank can be accepted but cannot be executed.

(b) “Execution date” of a payment order means the day on which the receiving bank may properly issue a payment order in execution of the sender’s order. The execution date may be determined by instruction of the sender but cannot be earlier than the day the order is received and, unless otherwise determined, is the day the order is received. If the sender’s instruction states a payment date, the execution date is the payment date or an earlier date on which execution is reasonably necessary to allow payment to the beneficiary on the payment date.

## History

Code 1981, § 11-4A-301, enacted by Ga. L. 1992, p. 2685, § 4.