California Statutes
§ 40500. — 40500. (Added by Stats. 1985, Ch. 1057, Sec. 1.)
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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California § 40500. (40500. (Added by Stats. 1985, Ch. 1057, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1985, Ch. 1057, Sec. 1.