{"data":{"id":"us-ak/as-45.04.108","jurisdiction":"us-ak","citation":"AS 45.04.108","heading":"Time of receipt of items.","body":"(a) To allow 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 the books of the bank.\n(b) An item or deposit of money received on a day after a cutoff hour so fixed or after the close of the banking day may be treated as received at the opening of the next banking day.","path":["Title 45. Trade and Commerce.","Chapter 04. Bank Deposits and Collections."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.04.108","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"e94d64303f41e0aeef20cf08842ee9256534f35d28b311feec911ae3e43e38ce","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.04.107","next":"us-ak/as-45.04.109"},"notice":"GroundRules: Original legal text. Not legal advice."}