If a bank receives a check on Tuesday, it must take proper action, such as forwarding or presenting it, by midnight of Wednesday.

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), banks are generally required to take action on a check - such as forwarding it for payment or returning it if it cannot be paid - by midnight of the next business day after the day they receive the check.

If a Bank Receives a Check on Tuesday, It Must