Chap. 288.—An ACT to amend the Code of Virginia by adding a new section
to be numbered 5751-a, relating to the time within which certain checks may
be accepted or dishonored. {H 408

Approved March 16, 1948

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding thereto a
new section to be numbered fifty-seven hundred fifty-one-a as
follows:

Section 5751-a. Time within which certain checks may be
accepted or dishonored.—Any payment made by a drawee bank
for a check presented to it shall be conditional, subject to revoca-
tion, unless the bank accepts or certifies the check; but such con-
ditional payment shall become unconditional at midnight of the
next business day following the presentment of the check unless
prior to such time the check is returned by the drawee bank, either
by delivery, or by deposit in the mails, to the bank or person
presenting it; provided, that this section shall not prevent the
presentment and payment of checks on other terms, in accordance
with clearing house rules or practices, or pursuant to special col-
lection agreements, and shall not apply to checks presented over
the counter otherwise than for credit to a depositor’s account.