Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can you summarize 810 ILCS 5/4-404?

RELATIONSHIP BETWEEN PAYOR BANK AND ITS CUSTOMER >

Short Summary

(810 ILCS 5/4-404) (from Ch. 26, par. 4-404) Sec. 4-404. Bank not obligated to pay check more than six months old. A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than 6 months after its date, but it may charge its customer’s account for a payment made thereafter in good faith. (Source: Laws 1961, p. 2101.)

Jurisdiction

Illinois

Source
810 ILCS 5/4-404 [https://reggi.cloud.regology.com/regulations/US-ILCS/US-ILCS_C_810_S_5_SC_4_P_4_S_4-404]