Maine Revised Statutes Title 11 Sec. 4-404 – Bank not obligated to pay check more than 6 months old
Current as of: 2023 | Check for updates
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Terms Used In Maine Revised Statutes Title 11 Sec. 4-404
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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 6 months after its date, but it may charge its customer’s account for a payment made thereafter in good faith.