Texas Business & Commerce Code - Section 4.108. Time Of Receipt Of Items
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§ 4.108. TIME OF RECEIPT OF ITEMS. (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.
Acts 1967, 60th Leg., p. 2343, ch. 785, § 1, eff. Sept. 1, 1967.
Renumbered from § 4.107 and amended by Acts 1995, 74th Leg., ch.
921, § 4, eff. Jan. 1, 1996.
Section: 4.101 4.102 4.103 4.104 4.105 4.106 4.107 4.108 4.109 4.110 4.111 4.112 4.201 4.202 4.203
Last modified: August 10, 2007
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