Florida Laws: FL Statutes - Title XXXIX Commercial Relations Section 674.101 Short title.
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Florida Laws > Commercial Relations > Florida Laws: FL Statutes - Title XXXIX Commercial Relations Section 674.101 Short title.
674.1081 Time of receipt of items.
(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 2 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.
(2) 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.--s. 1, ch. 65-254; s. 14, ch. 92-82.
Note.--s. 4-107, U.C.C.; former s. 674.107.
Sections: 674.101 674.102 674.103 674.104 674.105 674.1061 674.1071 674.1081 674.1091 674.1101 674.111 674.201 674.202 674.203 674.204
Last modified: March 26, 2010
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