Section 4-A-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.