{"data":{"id":"us-nj/n.j.-stat.-12a-4-108","jurisdiction":"us-nj","citation":"N.J. Stat. § 12A: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 P.M. or later as a cutoff hour for the handling of money and items and the making of entries on its books.\nb.     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.\nL.1995,c.28,s.2.","path":["TITLE 12A COMMERCIAL TRANSACTIONS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"e2d75f8c8da0ea5e74dbdc4c31265924563c93af4ed10aa6f4c8571b4e438508","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-12a-4-107","next":"us-nj/n.j.-stat.-12a-4-109"},"notice":"GroundRules: Original legal text. Not legal advice."}