{"data":{"id":"us-ky/krs-355.4-303","jurisdiction":"us-ky","citation":"KRS 355.4-303","heading":"When items subject to notice, stop-payment order, legal process, or setoff","body":"-- Order in which items may be charged or certified.\n(1) Any knowledge, notice, or stop -payment order received by, legal process served\nupon, or setoff exercised by a payor b ank comes too late to terminate, suspend, or\nmodify the bank's right or duty to pay an item or to charge its customer's account for\nthe item if the knowledge, notice, stop -payment order, or legal process is received\nor served and a reasonable time for the bank to act thereon expires or the setoff is\nexercised after the earliest of the following:\n(a) The bank accepts or certifies the item;\n(b) The bank pays the item in cash;\n(c) The bank settles for the item without having a right to revoke the settlement\nunder statute, clearing-house rule, or agreement;\n(d) The bank becomes accountable for the amount of the item under KRS 355.4 -\n302 dealing with the payor bank's responsibility for late return of items; or\n(e) With respect to checks, a cutoff hour no earlier t han one (1) hour after the\nopening of the next banking day after the banking day on which the bank\nreceived the check and no later than the close of that next banking day or, if\nno cutoff hour is fixed, the close of the next banking day after the banking day\non which the bank received the check.\n(2) Subject to subsection (1), items may be accepted, paid, certified, or charged to the\nindicated account of its customer in any order.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33543","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"593f1d333e18a2973a32d3dacb5ddb8c38b6da46cd9fe13a79afd5788f18cbbd","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.4-302","next":"us-ky/krs-355.4-401"},"notice":"GroundRules: Original legal text. Not legal advice."}