Article 865. Execution of instructions.

1. A bank that has accepted a payment order of the payer is obliged to transfer the corresponding amount of money to the beneficiary's bank for crediting it to the account of the person specified in the order within the period established by paragraph 1 of Article 863 of this Code. 2. The bank has the right to attract other banks to carry out operations on the transfer of funds to the account specified in the client's order. 3. The bank is obliged to immediately inform the payer at his request about the execution of the order. The order of registration and requirements for the content of the notice on the execution of the order are provided by law, established in accordance with the banking rules or by agreement of the parties.

<< Article 864 TKRF Back to table of contents Article 866 TKRF >>

Links to other articles of chapter 46. Calculations:
Article 861. Cash and non-cash payments.
Article 862. Forms of non-cash payments.
Article 863. General provisions on the settlement of payment orders.
Article 864. Conditions for execution by a bank of a payment order.
Article 866. Responsibility for non-execution or improper execution of the order.
Article 867. General provisions on settlements under a letter of credit.
Article 868. Revocable letter of credit.
Article 869. Irrevocable letter of credit.
Article 870. Execution of a letter of credit.
Article 871. Refusal to accept documents.
Article 872. Responsibility of a bank for violation of the conditions of a letter of credit.
Article 873. Closing of a letter of credit.
Article 874. General provisions on settlements under collection.
Article 875. Execution of a collection order.
Article 876. Notification of operations performed.
Article 877. General provisions on payment by check.
Article 878. Check details.
Article 879. Payment of check.
Article 880. Transfer of rights by check.
Article 881. Payment Guarantee.
Article 882. Collection of check.
Article 883. Certificate of Refusal to Pay a Check.
Article 884. Notice of non-payment of the check.
Article 885. Consequences of non-payment of a check.