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ND HB1189

Bill

Official Source

Status

Passed

3/27/2015

Primary Sponsor

Karen Karls

Click for details

Origin

House of Representatives

64th Legislative Assembly

AI Summary

  • Amends North Dakota Century Code section 41-04-34, subsection 2, regarding check stop payment orders under the Uniform Commercial Code
  • A stop order remains effective for six months after receipt but lapses after 14 calendar days if the original oral order is not confirmed in a record within that period
  • A stop order may be renewed for additional six-month periods by providing a record to the bank while the existing stop order is still effective
  • Changes terminology from "writing" to "record" to modernize language regarding confirmation and renewal methods
  • Passed with overwhelming bipartisan support: House vote 90-0 (4 absent), Senate vote 47-0

Legislative Description

Methods to confirm or renew a check stop payment order under the Uniform Commercial Code.

Last Action

Signed by Governor 03/26

3/27/2015

Committee Referrals

Industry, Business, and Labor1/12/2015

Full Bill Text

No bill text available