{"data":{"id":"us-va/va.-code-8.4-107","jurisdiction":"us-va","citation":"Va. Code § 8.4-107","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.(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.1964, c. 219; 1992, c. 693.","path":["Title 8.4. COMMERCIAL CODE — BANK DEPOSITS AND COLLECTIONS","Part 1. GENERAL PROVISIONS AND DEFINITIONS"],"source_url":"https://law.lis.virginia.gov/vacode/8.4-107/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:04Z","sha256":"b08e7b6fd73f2aefafb208a0136ab0186c65a7f390c36dd8b4ce585728ce802d","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.4-106","next":"us-va/va.-code-8.4-108"},"notice":"GroundRules: Original legal text. Not legal advice."}