§490:4A-505  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. [L 1991, c 41, pt of §1]