KRS 355.4-108: 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.