47-4A505. Preclusion of objection to debit of
customer's account


If a receiving bank has received payment from its customer with respect to a payment
order issued in the name of the customer as sender and accepted by the bank and the
customer received notification reasonably identifying the order, the customer is
precluded from asserting that the bank is not entitled to retain the payment unless the
customer notifies the bank of the customer's objection to the payment within one year
after the notification was received by the customer.