Legislation
SECTION 9-P
Acceptance of certain checks for deposit
Banking (BNK) CHAPTER 2, ARTICLE 1
§ 9-p. Acceptance of certain checks for deposit. No banking
institution as that term is defined in section nine-f of this chapter
shall, as a policy or general practice, refuse to accept as a deposit
made with a teller by an account holder a check for the sole reason that
it contains two endorsements. Nothing contained herein shall prevent a
banking institution from requiring the approval of an officer or manager
as a condition of accepting a check with two endorsements for deposit or
from refusing to accept a deposit of a check with two endorsements that
is not made with a teller.
institution as that term is defined in section nine-f of this chapter
shall, as a policy or general practice, refuse to accept as a deposit
made with a teller by an account holder a check for the sole reason that
it contains two endorsements. Nothing contained herein shall prevent a
banking institution from requiring the approval of an officer or manager
as a condition of accepting a check with two endorsements for deposit or
from refusing to accept a deposit of a check with two endorsements that
is not made with a teller.