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Can you summarize MSCO 97-19-61?
False Pretenses and Cheats > Bad checks, electronically converted check, electronic commercial debit; when notice need not be given.
Short Summary
This legal document pertains to the notice requirements for bad checks, electronically converted checks, and electronic commercial debits in Mississippi. It specifies that notice is not required in certain situations, such as when the drawee is located outside of Mississippi, when the drawer or payor is not a resident of Mississippi or has left the state, or when the drawer or payor did not have an account with the drawee or payor bank at the time of issuance or dishonor, or if payment is denied due to a closed account. The document does not specify penalties for non-compliance or violation of the notice requirements.
Whom does it apply to?
Individuals or entities involved in the issuance or dishonor of checks, drafts, orders, electronically converted checks, or electronic commercial debits
What does it govern?
Notice requirements for bad checks, electronically converted checks, and electronic commercial debits
What are exemptions?
Notice requirements are dispensed with in certain circumstances: (a) if the drawee is located outside of Mississippi, (b) if the drawer or payor is not a resident of Mississippi or has left the state, (c) if the drawer or payor did not have an account with the drawee or payor bank at the time of issuance or dishonor, or if payment is denied due to a closed account
What are the Penalties?
Penalties for non-compliance or violation of the notice requirements are not specified in this document.
Jurisdiction
Mississippi