2005 Connecticut Code - Sec. 42a-4-109. Delays.
Sec. 42a-4-109. Delays. (a) Unless otherwise instructed, a collecting bank in a
good faith effort to secure payment of a specific item drawn on a payor other than a
bank, and with or without the approval of any person involved, may waive, modify, or
extend time limits imposed or permitted by this title for a period not exceeding two
additional banking days without discharge of drawers or endorsers or liability to its
transferor or a prior party.
(1963, P.A. 526, S. 8; P.A. 91-304, S. 76.)
History: P.A. 91-304 entirely replaced former provisions re the process of posting with provisions re delays by a bank in handling items, a restatement of Sec. 42a-4-108, revised to 1991.
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