{"data":{"id":"us-il/810-ilcs-5-4-108","jurisdiction":"us-il","citation":"810 ILCS 5/4-108","heading":"Time of receipt of items.","body":"(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.\n(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.","path":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"a046e0bb4a255d2e345fc7ca72b5e97b0cc024a025f09947e23fcb0b00271057","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-4-107","next":"us-il/810-ilcs-5-4-109"},"notice":"GroundRules: Original legal text. Not legal advice."}