MIDNIGHT DEADLINE

midnight deadline.A time limit for doing something, ending at midnight on a particular day. • For a bank, the midnight deadline is midnight on the next banking day following the day on which the bank receives the relevant item or from which the time for taking action begins to run, whichever is later. UCC § 4-104(a)(10). [Cases: Banks and Banking 140(3), 175(5). C.J.S. Banks and Banking §§ 357, 359, 361, 371–379, 401, 413, 422, 431.]

[Blacks Law 8th]