United States — Louisiana Act or statute

United States — Louisiana legislation

RS 10:4-108

A bank may set an afternoon cutoff hour of 2:00 P.M. or later for handling money and items and making book entries.

bookkeepingtransaction processing

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“A bank may set an afternoon cutoff hour of 2:00 P.M. or later for handling money and items and making book entries.”

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RS 10:4-108

A bank may set an afternoon cutoff hour of 2:00 P.M. or later for handling money and items and making book entries.

Section 10:4-108

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Source record from legis.la.gov · Undated source snapshot

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§ 10:4-108RS 10:4-108Provision

A bank may set an afternoon cutoff hour of 2:00 P.M. or later for handling money and items and making book entries.

§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 2 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 1992, No. 1133, §4, eff. July 1, 1993; Acts 1993, No. 948, §10, eff. Jan. 1, 1994.
Section 10:4-108Verify source

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