California Commercial Code CHAPTER 1 - Subject Matter and Definitions

• Section 11101.
  This division may be cited as Uniform Commercial Code—Funds Transfers.(Added by Stats. 1990, Ch. 125, Sec. 2.)
• Section 11102.
  Except as otherwise provided in Section 11108, this division applies to funds transfers defined in Section 11104.(Added by Stats. 1990, Ch. 125, Sec. 2.)
• Section 11103.
  (a) In this division:(1) “Payment order” means an instruction of a sender to a receiving bank, transmitted orally, electronically, or in writing, to pay, or to cause...
• Section 11104.
  In this division:(a) “Funds transfer” means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment to the beneficiary...
• Section 11105.
  (a) In this division:(1) “Authorized account” means a deposit account of a customer in a bank designated by the customer as a source of payment of payment...
• Section 11106.
  (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...
• Section 11107.
  Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve Banks supersede any inconsistent provision of this...
• Section 11108.
  (a) Except as provided in subdivision (b), this division does not apply to a funds transfer any part of which is governed by the Electronic Fund...

Last modified: October 22, 2018