Okla. Stat. tit. 12A, § 12A-4-108
This is the official text of Okla. Stat. tit. 12A, § 12A-4-108, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Time of Receipt of Items
Official statutory text
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 2:00
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 so fixed or after the close of the banking day may be
treated as being received at the opening of the next banking day.
(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 2:00
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 so fixed or after the close of the banking day may be
treated as being received at the opening of the next banking day.
Status: in_force · Read it on the official government site
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