{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.4-108.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.4-108.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.4-108.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.4-108.html"}],"law_id":63473,"edition_id":1,"section_id":63473,"structure_id":12769,"section_number":"8.4-108","catch_line":"Delays","history":"1964, c. 219; 1992, c. 693.","full_text":"a\n\nUnless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other than a bank, and with or without the approval of any person involved, may, waive, modify or extend time limits imposed or permitted by this title for a period not exceeding two additional banking days without discharge of drawers or endorsers or liability to its transferor or any prior party.b\n\nDelay by a collecting bank or payor bank beyond time limits prescribed or permitted by this title or by instructions is excused if (i) the delay is caused by interruption of communication or computer facilities, suspension of payments by another bank, war, emergency conditions, failure of equipment or other circumstances beyond the control of the bank and (ii) the bank exercises such diligence as the circumstances require.","order_by":null,"text":{"0":{"id":231259,"text":"Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other than a bank, and with or without the approval of any person involved, may, waive, modify or extend time limits imposed or permitted by this title for a period not exceeding two additional banking days without discharge of drawers or endorsers or liability to its transferor or any prior party.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":231260,"text":"Delay by a collecting bank or payor bank beyond time limits prescribed or permitted by this title or by instructions is excused if (i) the delay is caused by interruption of communication or computer facilities, suspension of payments by another bank, war, emergency conditions, failure of equipment or other circumstances beyond the control of the bank and (ii) the bank exercises such diligence as the circumstances require.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.4-108\/","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":283031,"object_type":"law","relational_id":63473,"identifier":"8.4-108","token":"8.4\/1\/8.4-108","url":"\/8.4-108\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.4-108\/","token":"8.4\/1\/8.4-108","dublin_core":{"Title":"Delays","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.4-108","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Unless otherwise instructed, a collecting bank<\/span> in a good faith effort to secure payment of a specific item drawn on a payor other than a bank, and with or without the approval of any person involved, may, waive<\/span>, modify or extend time limits imposed or permitted by this title for a period not exceeding two additional banking days without discharge of drawers or endorsers or liability to its transferor or any prior party<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Delay by a collecting bank<\/span> or payor bank<\/span> beyond time limits prescribed or permitted by this title or by instructions is excused if (i) the delay is caused by interruption of communication or computer facilities, suspension of payments by another bank, war, emergency conditions, failure of equipment or other circumstances beyond the control of the bank and (ii) the bank exercises such diligence as the circumstances require. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDELAYS (\u00a7 8.4-108)\n\na. Unless otherwise instructed, a collecting bank in a good faith effort to\nsecure payment of a specific item drawn on a payor other than a bank, and with\nor without the approval of any person involved, may, waive, modify or extend\ntime limits imposed or permitted by this title for a period not exceeding two\nadditional banking days without discharge of drawers or endorsers or liability\nto its transferor or any prior party.\n\nb. Delay by a collecting bank or payor bank beyond time limits prescribed or\npermitted by this title or by instructions is excused if (i) the delay is caused\nby interruption of communication or computer facilities, suspension of payments\nby another bank, war, emergency conditions, failure of equipment or other\ncircumstances beyond the control of the bank and (ii) the bank exercises such\ndiligence as the circumstances require.\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}}