Ohio Code § 1304.28

§ 1304.28.

(A) If an item is presented to and received by a payor bank, the bank is accountable

for either of the following: (1) The amount of a demand item other than a documentary draft whether properly payable

or not if the bank, in any case in which it is not also the depository bank, retains

the item beyond midnight of the banking day of receipt without settling for it or,

regardless of whether or not it is also the depository bank, does not pay or return

the item or send notice of dishonor until after its midnight deadline; (2) The amount of any other properly payable item unless within the time allowed for

acceptance or payment of that item the bank either accepts or pays the item or returns

it and accompanying documents. (B) The liability of a payor bank to pay an item pursuant to division (A) of this section

is subject to defenses based on breach of a presentment warranty or proof that the

person seeking enforcement of the liability presented or transferred the item for

the purpose of defrauding the payor bank.