This legal document, part of the Kentucky Revised Statutes, falls under the section of Commerce and Trade, specifically the Uniform Commercial Code. It governs the rules and procedures related to bank deposits and collections. The document outlines the actions a payor bank can take in the event of settling for a demand item, such as returning the item or sending a notice of dishonor or nonpayment. It also specifies the time limits and methods for returning items or sending notices.

This section of the Kentucky Revised Statutes, specifically under the Uniform Commercial Code for Bank Deposits and Collections, governs the order in which items may be charged or certified by payor banks when subject to notice, stop-payment order, legal process, or setoff. It states that any knowledge, notice, stop-payment order, or legal process received by the payor bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or charge the customer’s account if the bank has already accepted or certified the item, paid it in cash, settled for the item without the right to revoke the settlement, become accountable for the amount of the item, or if a cutoff hour has passed.

This legal document, part of the Kentucky Revised Statutes, specifically falls under the section of the Uniform Commercial Code governing Bank Deposits and Collections. It outlines the circumstances under which a bank may charge a customer’s account. According to the document, a bank is allowed to charge against a customer’s account for an item that is properly payable, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and complies with any agreement between the customer and the bank.

This legal document, part of the Kentucky Revised Statutes, falls under the Commerce and Trade section and specifically pertains to the Uniform Commercial Code. It governs the rights of customers or any person authorized to draw on the account regarding stopping payment of items drawn on the customer’s account or closing the account. The document states that a customer can stop payment or close the account by providing an order to the bank with a reasonable description of the item or account.

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. Effective: July 1, 1960 History: Created 1958 Ky. Acts ch. 77, sec. 4-404, effective July 1, 1960.

This legal document, part of the Kentucky Revised Statutes under the Uniform Commercial Code, pertains to the duty of customers and banks regarding the discovery and reporting of unauthorized signatures or alterations. According to the document, if a bank sends a statement of account or items to a customer, the customer must promptly examine them to determine if any payment was unauthorized due to alteration or unauthorized signature. If the customer should have reasonably discovered the unauthorized payment based on the provided statement or items, they must promptly notify the bank.

This section of the Kentucky Revised Statutes governs the printing requirements for personal checks. The defined terms in this section include ‘Check’, ‘Federal or state financial institution’, and ‘Personal checking account’. It states that all checks provided by a federal or state financial institution for use in connection with a personal checking account must have the numerical month and year of the account’s opening printed on the faces of the checks.

This legal document, part of the Kentucky Revised Statutes under the section of Commerce and Trade, Trade Practices, governs the notification to affected persons of a computer security breach involving their unencrypted personally identifiable information. It defines the breach of the security of the system as the unauthorized acquisition of unencrypted and unredacted computerized data that compromises the security, confidentiality, or integrity of personally identifiable information. The information holder, which refers to any person or business entity conducting business in Kentucky, is required to disclose any breach of the security of the system to affected residents of Kentucky in the most expedient time possible and without unreasonable delay.

This legal provision, found in the Kentucky Revised Statutes, pertains to checks drawn by a fiduciary. If a check or bill of exchange is drawn by a fiduciary in their capacity as a fiduciary, or in the name of their principal by a fiduciary authorized to do so, the payee is not obligated to inquire whether the fiduciary is breaching their fiduciary obligation in drawing or delivering the instrument. The payee is also not considered to have notice of the breach unless they take the instrument with actual knowledge of the breach or with knowledge that amounts to bad faith.

(1) The General Assembly recognizes that a person has property rights in his name and likeness which are entitled to protection from commercial exploitation. The General Assembly further recognizes that although the traditional right of privacy terminates upon death of the person asserting it, the right of publicity, which is a right of protection from appropriation of some element of an individual’s personality for commercial exploitation, does not terminate upon death.