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2011 Kentucky Revised Statutes
CHAPTER 41 DEPARTMENT OF THE TREASURY
41.167 Electronic funds transfers -- Definition of "check."


KY Rev Stat § 41.167 (1996 through Reg Sess) What's This?
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41.167 Electronic funds transfers -- Definition of "check." (1) (2) The State Treasurer may withdraw funds from or deposit funds in the State Treasury by means of electronic funds transfers. The Finance and Administration Cabinet shall obtain a payee's prior, written consent for the payment of funds due him from the State Treasury by means of direct deposit rather than by means of a paper check issued to him. A single authorization may be granted for multiple payments to a payee by means of direct deposit. For the purpose of implementing this section and unless the context requires a different meaning, the term "check" as used in this chapter shall mean either a paper check or a paperless entry on an electronic data processing medium that substitutes for a paper check for the purposes of debiting or crediting an account and of which a permanent record is made. Effective: July 15, 1998 History: Amended 1998 Ky. Acts ch. 118, sec. 9, effective July 15, 1998. -- Created 1982 Ky. Acts ch. 382, sec. 4, effective July 15, 1982.

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