California § 40500. 40500. (Added by Stats. 1985, Ch. 1057, Sec. 1.)

California Statutes

§ 40500. — 40500. (Added by Stats. 1985, Ch. 1057, Sec. 1.)

California § 40500.

Code FINFinancial Code - FIN

Div. 19.DIVISION 19. RELEASE OF DEMAND DEPOSIT FUNDS

This text of California § 40500. (40500. (Added by Stats. 1985, Ch. 1057, Sec. 1.)) 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. Financial Code - FIN Code § 40500. (2026).

Text

It is the intent of the Legislature that a financial institution shall not transfer funds from a depositor’s account unless authorization has been granted by that depositor. This division is declaratory of existing case law and is intended to codify the law for the convenience of the public, regulatory authorities, and financial institutions.

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Legislative History

Added by Stats. 1985, Ch. 1057, Sec. 1.

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California § 40500., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/40500..