Section 570.220 - Check kiting - collected funds defined - penalty1. A person commits the offense of check kiting if he or she, with intent to defraud, obtains money from a financial institution by drawing a check against an account in which there is not sufficient collected funds to pay the check and, he or she purports to cover that check by depositing in such account another check drawn against insufficient collected funds.2. For purposes of this section, the term "collected funds" means that portion of a deposit account representing checks and other credits as to which the depositary has directly and affirmatively verified that final payment has been made or, in the alternative, with respect to checks as to which at least ten business days have elapsed, without return of the checks, since presentation for payment.3. The offense of check kiting is a class E felony.Amended by 2014 Mo. Laws, SB 491,s A, eff. 1/1/2017.L. 1985 H.B. 408 § 570.210