41.370 Check to be presented within one year -- Cancellation and warrant against

193 words·~1 min read·/ky/41-370

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

check.

(1)Any check issued by the State Treasurer shall not be valid as an order for payment

after one

(1)year from its date of issue and this limitation shall appear on all checks

issued. The State Treasurer is authorized to clear the records of all such unpaid

checks and credit the amounts to the fund against which it was originally drawn.

(2)When any properly endorsed check issued by the State Treasurer is presented for

payment more than one

(1)year after its date of issue and within the period

prescribed by KRS 413.120, the State Treasurer shall, upon satisfactory proof of

ownership, cancel the check and forward it to the secretary of the Finance and

Administration Cabinet with the date and identifying information which credited the

amount of the check to a particular fund. The secretary of the Finance and

Administration Cabinet shall draw a warrant against the check. All endorsements on

the surrendered check shall have the same effect as if the check were paid by the

drawee. All checks paid in the manner herein set forth shall be charged against the

fund against which they were originally drawn.