2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 41 - General Provisions and Definitions
Section 4108 - Time of receipt of items

     § 4108.  Time of receipt of items.
        (a)  Cutoff hour for handling and book entries.--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)  Items or deposits received after cutoff hour.--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.
     (July 9, 1992, P.L.507, No.97, eff. one year)

        1992 Amendment.  Act 97 amended and renumbered former section
     4107 to present section 4108 and renumbered former section 4108
     to present section 4109.