âNothing, to my way of thinking, is a better proof of a well ordered mind than a manâs ability to stop just where he is and pass some time in his own company. â â Seneca, Letters From a Stoic. Itâs not that we live in an age of distractions, but rather an age where we are failing to teach and embrace mindful motives.
Preissued, postdated cashier's checks are not cashier's checks or issued officer's checks until the date they become payable. Indeed, until the due date, a preissued, postdated cashier's check is not even a check as defined by the Uniform Commercial Code.
When is a check considered stale dated and what if the bank pays the item after that time period? The Uniform Commercial Code, section 4-404, has effectively eliminated the old concept of stale dates on checks. However, the status of a check does change somewhat once it is 6 months old. If a check that is more than 6 months old is presented to the paying bank for payment, the paying bank may refuse to pay it without being liable to its customer (the drawer of the check) for so refusing. It may also pay the check if it does so in good faith.