North Dakota § 41-04-08 (4-108) Time of receipt of items

North Dakota Statutes

§ 41-04-08 — (4-108) Time of receipt of items

North Dakota § 41-04-08

Title 41Uniform Commercial Code

Ch. 41-04Bank Deposits and Collections

This text of North Dakota § 41-04-08 ((4-108) Time of receipt of items) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-04-08 (2026).

Text

1.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.

2.Any 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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1. 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.
2. Any 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.