Stale-dated definition
Stale-dated means a check presented at the paying bank six months or more after the issue date of the check. A stale-dated check is not an invalid check, but the paying bank may deem the check an irregular bill of exchange and return it unpaid.
Stale-dated means a check presented at the paying bank six months or more after the issue date of the check. A stale-dated check is not an invalid check, but the paying bank may deem the check an irregular bill of exchange and return it unpaid. “Support document” means any customer record maintained by the agency in an electronic, hardcopy, or microfilm file storage format.
Stale-dated. Items. The Bank is not required to pay any item presented more than six (6) months after its date. However, the Bank may pay such item if they do so in good faith. The depositor agrees that the Bank is acting in good faith as long as there is not a stop payment order in effect when the Bank pays the item.
More Definitions of Stale-dated
Stale-dated means a warrant issued by the County that has not been deposited, cashed, or presented for payment within the time limit specified. County warrants usually expire and become void 180 days after the issue date.