---
title: O.C.G.A. § 11-4A-501. Variation by agreement and effect of funds-transfer system rule.
collection: code
id: 11-4A-501
cite_as: O.C.G.A. § 11-4A-501 (2025)
canonical_url: https://georgiacommons.org/code/11-4A-501
md_url: https://georgiacommons.org/code/11-4A-501.md
text_url: https://georgiacommons.org/code/11-4A-501/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=569
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-406.md
next: https://georgiacommons.org/code/11-4A-502.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 / MISCELLANEOUS PROVISIONS
---

# O.C.G.A. § 11-4A-501. Variation by agreement and effect of funds-transfer system rule.

(a) Except as otherwise provided in this article, the rights and obligations of a party to a funds transfer may be varied by agreement of the affected party.

(b) “Funds-transfer system rule” means a rule of an association of banks (i) governing transmission of payment orders by means of a funds-transfer system of the association or rights and obligations with respect to those orders, or (ii) to the extent the rule 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. Except as otherwise provided in this article, a funds-transfer system rule governing rights and obligations between participating banks using the system may be effective even if the rule conflicts with this Article and indirectly affects another party to the funds transfer who 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 stated in Code Sections 11-4A-404(c), 11-4A-405(d), and 11-4A-507(c).

## History

Code 1981, § 11-4A-501, enacted by Ga. L. 1992, p. 2685, § 4; Ga. L. 2002, p. 415, § 11.