Laws against post dating checks
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leginfo.gov' A bank is not obligated to pay a check that is presented more than six months after its date of issue, but may do so if it wishes.Second, is *** pension pay service fund, account no. Furthermore, *** pension pay service fund, account no. Therefore, the exception to *** deposit assessment is incorrect. DISCUSSION The assessment base of a bank is "equal to the bank's liability for deposits . Section 3(A preissued, postdated cashier's check is not any one of these four instruments. A "draft" is a negotiable instrument if it is a "direction to pay" a person who is identified with "reasonable certainty". The existence of this account and *** premature posting of these pension checks confuses the assessment process, but substance should rule over form. ADDENDUM *** practice of honoring these postdated cashier's checks has no legal significance for assessment purposes because it does not accelerate the negotiability of these drafts.Preissued, postdated cashier's checks are not cashier's checks or issued officer's checks until the date they become payable. And as a matter of substance, *** pension pay service fund, account no. In other words, *** practice of honoring these drafts before the payment date should not affect *** right to refuse payment before the pay date.A post-dated check is one which has a date after today's, so as not to be able to be cashed immediately.A bank may in some cases pay a post-dated check before the date on the check unless the customer notifies the bank not to pay it.