Ohio Code § 1304.53

§ 1304.53.

(A) The time of receipt of a payment order or communication canceling or amending a payment

order is determined by the rules applicable to receipt of a notice as provided in section 1301.202 of the Revised Code .  A receiving bank may fix a cut-off time or times on a funds-transfer business day

for the receipt and processing of payment orders and communications canceling or amending

payment orders.  Different cut-off times may apply to payment orders, cancellations, or amendments,

or to different categories of payment orders, cancellations, or amendments.  A cut-off time may apply to senders generally or different cut-off times may apply

to different senders or categories of payment orders.  If a payment order or communication canceling or amending a payment order is received

after the close of a funds-transfer business day or after the appropriate cut-off

time on a funds-transfer business day, the receiving bank may treat the payment order

or communication as received at the opening of the next funds-transfer business day. (B) If sections 1304.51 to 1304.85 of the Revised Code refer to an execution date or payment date or state a day on which a receiving bank

is required to take action, and the date or day does not fall on a funds-transfer

business day, the next day that is a funds-transfer business day is treated as the

date or day stated, unless the contrary is stated in these sections.