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Can you summarize MSCO 81-5-71?
General Provisions > Certifying checks.
Short Summary
This provision, found in the Mississippi Code 1972, applies to officers, clerks, and employees of banks. It states that no bank employee shall certify a check unless the amount of the check is actually available in the drawer’s account. Any person who willfully violates this provision is guilty of a misdemeanor and may be fined up to one thousand dollars. When a check is certified, the amount is immediately charged to the drawer’s account and credited to the certified check account. A certified check, authorized by a duly authorized person, is considered a valid obligation of the bank in the hands of the holder.
Whom does it apply to?
Officers, clerks, and employees of banks
What does it govern?
Certifying checks
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
A fine not exceeding one thousand dollars
Jurisdiction
Mississippi