California Statutes
§ 4106. — 4106. (Added by Stats. 1992, Ch. 914, Sec. 12.)
California·Code COM Commercial Code - COM·Div. 4. DIVISION 4. BANK DEPOSITS AND COLLECTIONS·Ch. 1. CHAPTER 1. General Provisions and Definitions
(a)If an item states that it is “payable through” a bank identified in the item, (1) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (2) the item may be presented for payment only by or through the bank.
(b)If an item states that it is “payable at” a bank identified in the item, (1) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (2) the item may be
presented for payment only by or through the bank.
(c)If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a co-drawee or a collecting bank, the bank is a collecting bank.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 4106. (4106. (Added by Stats. 1992, Ch. 914, Sec. 12.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Lufthansa German Airlines v. Bank of America National Trust and Savings Association
652 F.2d 835 (Ninth Circuit, 1981)
Legislative History
Added by Stats. 1992, Ch. 914, Sec. 12. Effective January 1, 1993.