Stale Checks. Under applicable law, the Branch is not obligated to pay a check drawn on an Account which is presented more than six (6) months after its date. However, the Branch may charge the Account for payments made on such items in good faith.
Appears in 2 contracts
Sources: Universal Account Agreement, Universal Account Agreement
Stale Checks. Under applicable law, the Branch is not obligated to pay a check drawn on an Account which is presented more than six (6) months after its date. However, the Branch may charge the Account for payments made on such items in good faith.. UNIVERSAL ACCOUNT AGREEMENT
Appears in 1 contract
Sources: Universal Account Agreement