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2019 Ohio Revised Code
Title [13] XIII COMMERCIAL TRANSACTIONS - OHIO UNIFORM COMMERCIAL CODE
Chapter 1304 - BANK DEPOSITS AND COLLECTIONS
Section 1304.06 - Time of receipt of items - UCC 4-108.
Universal Citation: Ohio Rev Code § 1304.06 (2019)
(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 cut-off 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 cut-off 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.
Effective Date: 08-19-1994 .
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