Ask Reggi Your Question Now

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

Can you summarize MORS 400.4-404?

Relationship Between Payor Bank and Its Customer > Bank not obligated to pay check more than six 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, that is presented more than six months after its date, but it may charge its customer’s account for a payment made thereafter in good faith. ——– (L. 1963 p. 503 4-404, A.L. 1992 S.B. 448)

Jurisdiction

Missouri

Source
MORS 400.4-404 [https://reggi.cloud.regology.com/regulations/US-MORS/US-MORS_T_XXVI_C_400_SC_4_P_4_S_4-404]