It's probably hard to plan a year off if your wits have been dulled by the Uniform Commercial Code and the Rule Against Perpetuities.

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In fact, under the Uniform Commercial Code, banks in the United States are not legally obligated to pay checks older than six months ( link).

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At that time, the draft statute was under consideration by both organizations as an extension of the Uniform Commercial Code, and was known as Article 2B of the Uniform Commercial Code.

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