Demand Note Becomes Overdue
Pedro Pacheco held a demand note from Prime Logistics. After making formal demand for payment on Monday, the note remained unpaid. On Tuesday the instrument became overdue under the applicable rule.
Also known as: post-diem · after the day
Written by attorneys · grounded in primary & secondary sources — see below
The period after a designated day. It marks when an obligation such as payment or performance falls due the following calendar day.
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Pedro Pacheco held a demand note from Prime Logistics. After making formal demand for payment on Monday, the note remained unpaid. On Tuesday the instrument became overdue under the applicable rule.
Preston Pratt's committee missed the statutory deadline for a required disclosure. The report arrived the following calendar day. Regulators treated the submission as occurring post diem and assessed the corresponding penalty.
Priya Prasad sought to attend a criminal proceeding the day after the court issued its closure order. The appellate decision addressed whether access rights extended to that subsequent day.
Pamela Phillips challenged a property tax assessment that took effect the day after the exemption period ended. The Court examined whether the exemption could apply post diem under the governing statute.
Pierce Patterson's mining operation completed its required filing the day after the statutory cutoff. The dispute centered on whether the late filing satisfied the post diem requirement under the federal scheme.
It refers to the day after a proper demand for payment is made. At that point the instrument becomes overdue under UCC § 3-304(a)(1).
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If presentment does not occur within thirty days after the indorsement, the indorser's liability is discharged. The thirty-day window begins the day after the indorsement date.
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Yes. Certain filings become effective at 12:01 a.m. on the thirty-first day after the filing date with the secretary of state.
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…than the close of the 12th day before the date of such election. (ii) such reports shall be filed not later than the 30th day after the day of such election and shall be complete as of the 20th day after the date of such election. (B) In any other calendar year in which an individual is a candidate for Federal office, such…