(A) 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 two p.m. or later as a cut-off hour for the handling of money
and items and the making of entries on its books.
(B) An item or deposit of money received on any day after a cut-off 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.
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