Post dating checks illegal michigan alberta online dating services
It turns out that a bank can pay or return an old check as it sees fit.According to the United States Uniform Commerical Code, a bank is not obliged to pay a check more than six months old.Most small businesses therefore do not issue checks with the length of time the check is valid printed on the face of the check.If your company writes a check, someone legally could attempt to cash it 10 months from now or in 18 months.Although banks can refuse to process checks that are over six months after the date on the check, rarely do the processors look at the date on the check.Therefore, your check potentially could be cashed at any time.
In other words: the bank isn't required to pay a check more than six months old. When I became impatient and left, the manager was helping her. founded Get Rich Slowly to document his quest to get out of debt. Just smart money advice to help you reach your goals.
In other states it is a criminal offense to issue a bad check with intent to defraud or with knowledge of insufficient funds.
The intent to defraud and knowledge of insufficient funds is required to be present by most states' bad check laws. It is not necessary for the payee to have actually been defrauded.
Businesses write checks to vendors and suppliers, independent contractors, landlords and utility companies.
Occasionally, one or more of those checks may go uncashed for a long time.