|Print Page||Find Component||Find Legislation||History ON|
Rules of Practice 1994 (S.R. 1994, No. 229)
|Requested: 27 Apr 2017|
|Consolidated as at: 17 Mar 2006|
41. Money in transit
A firm that receives money from another person with instructions to pay or endorse and deliver it to a third person must comply with those instructions
(a) before the end of the next banking day or as soon as practicable after the next banking day; or
(b) no later than the day authorized by the person from whom the money was received, if that day is later than the next banking day.