TITLE 6A

Uniform Commercial Code

CHAPTER 6A-4

Bank Deposits And Collections

PART 6A-4-101

General Provisions and Definitions

SECTION 6A-4-108



   § 6A-4-108  Time of receipt of items.

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(a) For the purpose of allowing time to process items, prove balances, and make

the necessary entries on its books to determine its position for the day, a

bank may fix an afternoon hour of two P.M. (2 P.M.) or later as a cutoff hour

for the handling of money and items and the making of entries on its books.



   (b) An item or deposit of money received on any day after a

cutoff hour so fixed or after the close of the banking day may be treated as

being received at the opening of the next banking day.



History of Section.

(P.L. 2000, ch. 238, § 4; P.L. 2000, ch. 421, § 4.)