California Financial Code Division 19 - Release of Demand Deposit Funds

  • Section 40500.
    It is the intent of the Legislature that a financial institution shall not transfer funds from a depositor s account unless authorization has been granted...
  • Section 40501.
    In accordance with the implied contract existing between a financial institution and its depositor, no bank, savings association, credit union, or other financial institution operating...

Last modified: September 9, 2016