Uniform commercial code post dating checks
According to the code, a personal check becomes "stale dated" six months after you write it.Banks don't have to dishonor stale dated checks, but the Uniform Commercial Code gives a bank the option of refusing these checks.Please initialize your module with a starter category in Website Admin prior to use.If you are not ready to use this module, change it to not be shown on the internet or intranet in Module Configuration.In banking, post-dated cheque is a cheque written by the drawer (payer) for a date in the future.
So unless the maker of the check gives advance notice to its bank, the bank is free to pay the post-dated check(s) without liability to the maker of the check.
In Bangladesh, under the negotiable instruments act, 1881 section 21C A promissory note, bill of exchange or cheque is not invalid by reason only that it is anti-dated or post-dated.
In Brazil, the drawer may seek damages in Justice if their cheque is cashed in before its due date, according to the jurisprudential orientation of the Superior Court of Justice, as per Summary No. Under the clearing rules of the Canadian Payments Association, a post-dated cheque cannot be cashed prior to the date written on it. However all the court rulings missed looking into relevant sections of law.
In fact, in some states, a check payee can claim damages if a bank refuses to pay a post dated check.
Banks are sensitive about dates on checks due to stale dating and post dating laws.