A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six (6) months after its date, but it may charge its customer's account for a payment made thereafter in good faith.
History. Acts 1961, No. 185, § 4-404; A.S.A. 1947, § 85-4-404; Acts 1991, No. 572, § 6.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 4 - Bank Deposits and Collections
Part 4 - Relationship Between Payor Bank and Its Customer
§ 4-4-401. When bank may charge customer's account
§ 4-4-403. Customer's right to stop payment — Burden of proof of loss
§ 4-4-404. Bank not obliged to pay check more than six (6) months old
§ 4-4-405. Death or incompetence of customer
§ 4-4-407. Payor bank's right to subrogation on improper payment