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Who can request a stop payment?

Question: 
The office manager for a business asked us to stop payment on a check signed by the business’s treasurer. Can we accept this stop order?
Answer: 

Yes, if the request is timely and the office manager is an authorized signer on the account. Under the UCC, any person authorized to draw on the account may stop payment of any item drawn on the account. But be aware that your bank may have deposit agreement language that alters that rule.

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Learn more about John Burnett’s webinar Stop that Payment

First published on 08/18/2019

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