California Commercial Code CHAPTER 3 - Collection of Items: Payor Banks

• Section 4301.
  (a) If a payor bank settles for a demand item other than a documentary draft presented otherwise than for immediate payment over the counter before midnight...
• Section 4302.
  (a) If an item is presented to and received by a payor bank, the bank is accountable for the amount of either:(1) A demand item, other than...
• Section 4303.
  (a) Any knowledge, notice, or stop-payment order received by, legal process served upon, or setoff exercised by a payor bank comes too late to terminate, suspend,...

Last modified: October 22, 2018