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Minnesota Legislature

Office of the Revisor of Statutes

336.4-108 MS 1990 [Renumbered 336.4-109]
(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 cutoff 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 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: 1965 c 811 s 336.4-107; 1992 c 565 s 79