{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.4-107.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.4-107.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.4-107.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.4-107.html"}],"law_id":65448,"edition_id":1,"section_id":65448,"structure_id":12769,"section_number":"8.4-107","catch_line":"Time of receipt of items","history":"1964, c. 219; 1992, c. 693.","full_text":"a\n\nFor 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 2 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.b\n\nAn 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.","order_by":null,"text":{"0":{"id":237984,"text":"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 2 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":237985,"text":"An 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.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a"}},"ancestry":[{"id":12769,"edition_id":1,"name":"General Provisions and Definitions","identifier":"1","label":"part","depth":2,"order_by":1,"parent_id":12768,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":282997,"object_type":"structure","relational_id":12769,"identifier":"1","token":"8.4\/1","url":"\/8.4\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12768,"edition_id":1,"name":"Commercial Code \u2014 Bank Deposits and Collections","identifier":"8.4","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":282995,"object_type":"structure","relational_id":12768,"identifier":"8.4","token":"8.4","url":"\/8.4\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":84896,"structure_id":12769,"section_number":"8.4-101","catch_line":"Short title","url":"\/8.4-101\/","token":"8.4\/1\/8.4-101","metadata":false},{"id":75718,"structure_id":12769,"section_number":"8.4-102","catch_line":"Applicability","url":"\/8.4-102\/","token":"8.4\/1\/8.4-102","metadata":false},{"id":71564,"structure_id":12769,"section_number":"8.4-103","catch_line":"Variation by agreement; measure of damages; action constituting ordinary care","url":"\/8.4-103\/","token":"8.4\/1\/8.4-103","metadata":false},{"id":73125,"structure_id":12769,"section_number":"8.4-104","catch_line":"Definitions and index of definitions","url":"\/8.4-104\/","token":"8.4\/1\/8.4-104","metadata":false},{"id":79280,"structure_id":12769,"section_number":"8.4-105","catch_line":"\"Bank\"; \"depositary bank\"; \"intermediary bank\"; \"collecting bank\"; \"payor bank\"; \"presenting bank.\"","url":"\/8.4-105\/","token":"8.4\/1\/8.4-105","metadata":false},{"id":59400,"structure_id":12769,"section_number":"8.4-105.1","catch_line":"Payable through or payable at bank; collecting bank","url":"\/8.4-105.1\/","token":"8.4\/1\/8.4-105.1","metadata":false},{"id":53957,"structure_id":12769,"section_number":"8.4-106","catch_line":"Separate office of a bank","url":"\/8.4-106\/","token":"8.4\/1\/8.4-106","metadata":false},{"id":65448,"structure_id":12769,"section_number":"8.4-107","catch_line":"Time of receipt of items","url":"\/8.4-107\/","token":"8.4\/1\/8.4-107","metadata":false},{"id":63473,"structure_id":12769,"section_number":"8.4-108","catch_line":"Delays","url":"\/8.4-108\/","token":"8.4\/1\/8.4-108","metadata":false},{"id":66349,"structure_id":12769,"section_number":"8.4-109","catch_line":"Repealed","url":"\/8.4-109\/","token":"8.4\/1\/8.4-109","metadata":false},{"id":64500,"structure_id":12769,"section_number":"8.4-110","catch_line":"Electronic presentment","url":"\/8.4-110\/","token":"8.4\/1\/8.4-110","metadata":false},{"id":72982,"structure_id":12769,"section_number":"8.4-111","catch_line":"Statute of limitations","url":"\/8.4-111\/","token":"8.4\/1\/8.4-111","metadata":false}],"previous_section":{"id":53957,"structure_id":12769,"section_number":"8.4-106","catch_line":"Separate office of a bank","url":"\/8.4-106\/","token":"8.4\/1\/8.4-106","metadata":false},"next_section":{"id":63473,"structure_id":12769,"section_number":"8.4-108","catch_line":"Delays","url":"\/8.4-108\/","token":"8.4\/1\/8.4-108","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.4-107\/","history_text":"

This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1992, chapter 693.<\/p>","references":false,"refers_to":false,"permalink":{"id":283027,"object_type":"law","relational_id":65448,"identifier":"8.4-107","token":"8.4\/1\/8.4-107","url":"\/8.4-107\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.4-107\/","token":"8.4\/1\/8.4-107","dublin_core":{"Title":"Time of receipt of items","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.4-107","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> 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<\/span> may fix an afternoon hour of 2 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> An 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. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTIME OF RECEIPT OF ITEMS (\u00a7 8.4-107)\n\na. For the purpose of allowing time to process items, prove balances and make\nthe necessary entries on its books to determine its position for the day, a bank\nmay fix an afternoon hour of 2 p.m. or later as a cutoff hour for the handling\nof money and items and the making of entries on its books.\n\nb. An item or deposit of money received on any day after a cutoff hour so fixed\nor after the close of the banking day may be treated as being received at the\nopening of the next banking day.\n\nHISTORY: 1964, c. 219; 1992, c. 693.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}