California Commercial Code CHAPTER 3 - Execution of Sender’s Payment Order by Receiving Bank

• Section 11301.
  (a) A payment order is “executed” by the receiving bank when it issues a payment order intended to carry out the payment order received by the...
• Section 11302.
  (a) Except as provided in subdivisions (b) to (d), inclusive, if the receiving bank accepts a payment order pursuant to subdivision (a) of Section 11209, the...
• Section 11303.
  (a) A receiving bank that (i) executes the payment order of the sender by issuing a payment order in an amount greater than the amount of...
• Section 11304.
  If the sender of a payment order that is erroneously executed as stated in Section 11303 receives notification from the receiving bank that the order...
• Section 11305.
  (a) If a funds transfer is completed but execution of a payment order by the receiving bank in breach of Section 11302 results in delay in...

Last modified: October 22, 2018