Colorado § 4-4-108 Time of receipt of items

Colorado Statutes

§ 4-4-108 — Time of receipt of items

Colorado § 4-4-108

Title 04Uniform

Art.Bank Deposits and Collections

This text of Colorado § 4-4-108 (Time of receipt of items) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-4-108 (2026).

Text

(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 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.

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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 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.