27-105-369 - Acceptance by banks of checks payable to county, municipality, political subdivision or body politic.
§ 27-105-369. Acceptance by banks of checks payable to county, municipality, political subdivision or body politic.
All banks in this state are required to accept all checks and drafts that are payable to any county, municipality or any other political subdivision, or body politic, only for deposit to the credit of the particular payee to which such checks or drafts are payable, or to issue cashier's checks, certified checks and similar exchange in the name of and on behalf of the particular payee.
Sources: Laws, 1974, ch. 372, eff from and after passage (approved March 18, 1974).