Policy 7740 - Cancellation of Checks

A Kimberly School District check shall be canceled when:

  1. It is outstanding for more than six  (6) months; or
  2. It has been lost or stolen (such report must be writing); or
  3. It has been returned by the payee for some reason.

In such an instance, the check shall be voided.  If the check is replaced with a new check, a “stop payment” order shall be filed with the bank from which the check is drawn.  If the bank charges a fee for this service (stop payment), the cost shall be born by the check’s payee.

LEGAL REFERENCE:
Idaho Code Sections 33-506

POLICY HISTORY
Adopted: September 16, 2004
Revised: