HB 1534 - AS INTRODUCED

2000 SESSION

00-2378

09/01

HOUSE BILL 1534

AN ACT relative to availability of funds on cash and checks deposited.

SPONSORS: Rep. Leishman, Hills 13; Rep. Foster, Hills 10

COMMITTEE: Commerce

ANALYSIS

This bill requires a bank or other financial institution to make funds available on cash, a treasurer's check, a government-issued check, or a check issued by such bank or financial institution on the date the cash or check is deposited in an account of such bank or financial institution.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

00-2378

09/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand

AN ACT relative to availability of funds on cash and checks deposited.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Subdivision; Availability of Funds. Amend RSA 384 by inserting after section 66 the following new subdivision:

Availability of Funds

384:67 Availability of Funds. A bank or financial institution subject to the provisions of this chapter shall make funds available on cash, a treasurer's check, a government-issued check, or any check issued by such bank or financial institution on the date the cash or check is deposited in an account of such bank or financial institution.

2 Effective Date. This act shall take effect January 1, 2001.