{"data":{"id":"us-me/11-m.r.s.-4-107","jurisdiction":"us-me","citation":"11 M.R.S. §4-107","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 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.\n(2).   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 11: UNIFORM COMMERCIAL CODE","PART 1: GENERAL PROVISIONS AND DEFINITIONS"],"source_url":"https://legislature.maine.gov/statutes/11/title11sec4-107.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:25Z","sha256":"a9799e13714f7070d900a6822615edb332d537bf2823d10c270328d3ea4a7133","source_id":"us-me","stale":false,"prev":"us-me/11-m.r.s.-4-106","next":"us-me/11-m.r.s.-4-108"},"notice":"GroundRules: Original legal text. Not legal advice."}