{"data":{"id":"us-co/c.r.s.-4-4.5-106","jurisdiction":"us-co","citation":"C.R.S. § 4-4.5-106","heading":"Time payment order is received.","body":"(a) The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to receipt of a notice stated in section 4-1-202. A receiving bank may fix a cut-off time or times on a funds-transfer business day for the receipt and processing of payment orders and communications canceling or amending payment orders. Different cut-off times may apply to payment orders, cancellations, or amendments, or to different categories of payment orders, cancellations, or amendments. A cut-off time may apply to senders generally or different cut-off times may apply to different senders or categories of payment orders. If a payment order or communication canceling or amending a payment order is received after the close of a funds-transfer business day or after the appropriate cut-off time on a funds-transfer business day, the receiving bank may treat the payment order or communication as received at the opening of the next funds-transfer business day.\n\n(b) If this article refers to an execution date or payment date or states a day on which a receiving bank is required to take action, and the date or day does not fall on a funds-transfer business day, the next day that is a funds-transfer business day is treated as the date or day stated, unless the contrary is stated in this article.","path":["Title 4 - UNIFORM COMMERCIAL CODE","Article 4.5 - Funds Transfers","Part 1 - SUBJECT MATTER AND DEFINITIONS"],"source_url":"https://olls.info/crs/crs2026-title-04.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"2a44659ad945cabafa3d05f48e22be6ce2b544d9a491ecd44de8f3356d97569b","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-4.5-105","next":"us-co/c.r.s.-4-4.5-107"},"notice":"GroundRules: Original legal text. Not legal advice."}