North Dakota Code 41-04-08 – (4-108) Time of receipt of items
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1. For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of two p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.
Terms Used In North Dakota Code 41-04-08
- Process: means a writ or summons issued in the course of judicial proceedings. See North Dakota Code 1-01-49
2. Any item or deposit of money received on any day after a cutoff hour so fixed or after the close of the banking day may be treated as being received at the opening of the next banking day.