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Can you summarize ARCO 4-4-404?
Relationship Between Payor Bank and Its Customer > Bank not obliged to pay check more than six (6) months old.
Short Summary
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 six (6) months after its date, but it may charge its customer’s account for a payment made thereafter in good faith. History. Acts 1961, No. 185, 4-404; A.S.A. 1947, 85-4-404; Acts 1991, No. 572, 6. Research References U. Ark. Little Rock L.J. SurveyBusiness Law, 14 U. Ark. Little Rock L.J. 735. Murphey, The Discontinuance of the Certified Check An Arkansas Study, 16 U. Ark. Little Rock L.J. 555. Case Notes Liability of Maker. Liability of Maker. This section was adopted for the protection of banks and does not extinguish the maker’s liability on a valid check merely because it was more than six months past due or preclude a claim against an estate on the basis of such a check. Hartsook v. Owens, 236 Ark. 790, 370 S.W.2d 69 (1963). Cited: United States v. Baptist Golden Age Home, 226 F. Supp. 892 (W.D. Ark. 1964).
Jurisdiction
Arkansas