Payment of Checks. The Depositor will issue checks only against sufficient funds available in the Account. The Cooperative will not have the obligation of honoring checks issued against insufficient or uncollected funds and the Cooperative will not be in any way responsible of any damage resulting as a result thereof. The Cooperative will not honor post-dated checks, nor checks containing a date greater than 180 days from the date issued. In case the Cooperative presents to payment a check not dated, the Cooperative will be authorized, but not obligated, to consider the checks at all effects, as dated the day presented into payment.
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