The Florida Senate

674.1081  Time of receipt of items.--

(1)  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.

(2)  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.

History.--s. 1, ch. 65-254; s. 14, ch. 92-82.

Note.--s. 4-107, U.C.C.; former s. 674.107.