Kansas § 84-4-108 Time of receipt of items

Kansas Statutes

§ 84-4-108 — Time of receipt of items

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 4 BANK DEPOSITS AND COLLECTIONS

(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. 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 two 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.

Kansas § 84-4-108 (Time of receipt of items) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.