HRS §490:4A-401
Payment date for a payment order
This section says when a payment order is due to be paid. The sender can choose the payment date, but it cannot be before the day the beneficiary's bank receives the order. If no date is chosen, payment is due on the day the bank receives the order.
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The statute, as written — Payment date. "Payment date" of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary's bank
The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary's bank and, unless otherwise determined, is the day the order is received by the beneficiary's bank.
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