California Statutes
§ 11401. — 11401. (Added by Stats. 1990, Ch. 125, Sec. 2.)
California·Code COM Commercial Code - COM·Div. 11. DIVISION 11. FUNDS TRANSFERS·Ch. 4. CHAPTER 4. Payment
“Payment date” of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary’s bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary’s bank and, unless otherwise determined, is the day the order is received by the beneficiary’s bank.
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California § 11401. (11401. (Added by Stats. 1990, Ch. 125, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1990, Ch. 125, Sec. 2.