Payment of Items

4 CMC § 6503, under Retail Banking Practices.

4 CMC § 6503

Payment of Items. So long as the balance in any account subject to withdrawal by or upon the order of a depositor equals or exceeds the amount of any item presented for payment, a bank may select from items which in the aggregate exceed the balance, the items to be paid in any order convenient to the bank. Source: PL 3-104, § 602.