Answer:
No. Your bank "accepted" the check when your employee signed it. Stopping payment invites a law suit from the payee that your bank is unlikely to win.
Not the question you asked, but the modern version of the UCC spells out a process where your bank can replace an official check that has been lost or stolen after a waiting period of 90 days. Even then, the "payment stopped" label does not apply to the original item.
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