{"data":{"id":"us-ia/iowa-code-554.4108","jurisdiction":"us-ia","citation":"Iowa Code § 554.4108","heading":"Time of receipt of items.","body":"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 2:00 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.\n2. 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.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 4 - BANK DEPOSITS AND COLLECTIONS","Part 1 - GENERAL PROVISIONS AND DEFINITIONS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.4108.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"837798032eaa978cfbbeed8a2f4cf3f60cb5fa81add694c30c7d22a37606b039","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.4107","next":"us-ia/iowa-code-554.4109"},"notice":"GroundRules: Original legal text. Not legal advice."}