California § 11505. 11505. (Added by Stats. 1990, Ch. 125, Sec. 2.)

California Statutes

§ 11505. — 11505. (Added by Stats. 1990, Ch. 125, Sec. 2.)

California § 11505.

Code COMCommercial Code - COM

Div. 11.DIVISION 11. FUNDS TRANSFERS

Ch. 5.CHAPTER 5. Miscellaneous Provisions

This text of California § 11505. (11505. (Added by Stats. 1990, Ch. 125, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Commercial Code - COM Code § 11505. (2026).

Text

If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer’s objection to the payment within one year after the notification was received by the customer.

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If a receiving bank has received payment from its customer with respect to a payment order issued in the name of the customer as sender and accepted by the bank, and the customer received notification reasonably identifying the order, the customer is precluded from asserting that the bank is not entitled to retain the payment unless the customer notifies the bank of the customer’s objection to the payment within one year after the notification was received by the customer.

Legislative History

Added by Stats. 1990, Ch. 125, Sec. 2.

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Bluebook (online)

California § 11505., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/11505..