SB 875

RELATING TO THE UNIFORM COMMERCIAL CODE

By Senator(s) TAM

Report Title: Uniform Commercial Code

Description: Requires banks to notify customers immediately upon receiving payment made upon check deposited into customer's account. Establishes fine for noncompliance. Requires that commissioner of financial institutions approve all check hold and fund availability procedures.

 1-22-99        S Introduced and passed First Reading                         
 1-25-99        S Referred to CPN