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Law library · Sierra Leone · The Payment Systems Act, 2009

Section 22, The Payment Systems Act, 2009

Status not yet checkedThe Payment Systems Act, 2009, Sierra Leone

(1) The originator’s institution, any intermediaryinstitution and the beneficiary’s institution shall each be obliged to execute any transfer for the full amount thereof, unless the originator has specified that the costs of the transfer are to be borne wholly or partly by the beneficiary. (2) Subsection (1) shall not prejudice any rights of the beneficiary’s institution to charge the beneficiary for the administration of his account. (3) This section is subject to any contrary provision in the rules of the system concerned.

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