California Commercial Code 4206 – Any agreed method that identifies the transferor bank is sufficient …
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Any agreed method that identifies the transferor bank is sufficient for the item‘s further transfer to another bank.
(Amended by Stats. 1992, Ch. 914, Sec. 24. Effective January 1, 1993.)
Terms Used In California Commercial Code 4206
- Bank: means a person engaged in the business of banking, and includes a savings bank, savings and loan association, credit union, and trust company. See California Commercial Code 1201
- Item: means an instrument or a promise or order to pay money handled by a bank for collection or payment. See California Commercial Code 4104