Quimbee logo
DMCA.com Protection Status

Regulation CC § 229.30(c)(1)

Regulation CC § 229.30(c)(1)

Definition

A provision of the federal reserve Expedited Funds Availability Act, also known as Federal Reserve Board Regulation CC, that extends the Uniform Commercial Code § 4-302 midnight-deadline rule if a payor bank uses a means of delivery that would ordinarily result in receipt by the receiving bank by the bank day following the otherwise applicable deadline or if the payor bank uses a highly expeditious means of transportation.

Get full access FREE

With a 7-Day free trial membership
Here's why 551,000 law students have relied on our key terms:
  • A complete online legal dictionary of law terms and legal definitions
  • Over 6,400 key terms written in plain English to help you not only understand the law but master it
  • The premier online law dictionary built specifically for law students
  • Easy access in class or on the go, accessible both online and through the Quimbee mobile app
  • Reliable - written by legal professors and practitioners
  • Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan

Get full access FREE

With a 7-Day free trial membership