Section 460.2543. Deposit records; retention periods.

Rule 43. The following deposit records shall be retained for the periods listed:

(a)  Bank deposit books.                                        1 year.

(b)   Copies of bank deposit slips.                          1 year.

(c)  Advice of deposits made when information thereon is shown on other records which are retained.

Destroy at option.

(d)  Statements from depositories that show the details of funds received, disbursed, and transferred and balances on deposits.

Destroy at option.

(e)   Bank reconcilement papers.                             1 year.

(f)  ) Statements from banks of interest credits.

(g)  Check stubs, registers, or other records of checks issued.

1 year.

6 years.

(h)  Correspondence and memoranda that relate to the stopping of payment of bank checks and to the issuance of duplicate checks.

6 years or destroy at option after check is recovered.

History: 1979 AC; 1980 AACS.