Indiana Statutes
§ 26-2-7-8 — Exemption from liability for permitting dishonor of checks
Indiana·Title 26 COMMERCIAL LAW·Art. 2 COMMERCIAL TRANSACTIONS·Ch. 7 Penalties for Stopping Payments or Permitting Dishonor
(a)A person who has allowed a check to be
dishonored is not liable under this chapter if, not more than ten (10)
days after the holder has given notice that the check has not been paid
by the financial institution, the person pays to the holder the full
amount of the check.
(b)A payment made under subsection (a) is effective for all
purposes as of the date the payment is made.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 26-2-7-8 (Exemption from liability for permitting dishonor of checks) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.42-1993, SEC.18.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability