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.
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.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 4 - Uniform Commercial Code-Bank Deposits and Collections
Part 1 - . General Provisions and Definitions
§ 75-4-103. Variation by agreement; measure of damages; action constituting ordinary care
§ 75-4-104. Definitions and index of definitions
§ 75-4-105. Definitions of types of banks
§ 75-4-106. Payable through or payable at bank; collecting bank
§ 75-4-107. Separate office of bank
§ 75-4-108. Time of receipt of items