California Laws: Commercial Code Sections 11201-11212
- California Laws: Commercial Code Section 11201
"Security procedure" means a procedure established by agreement of a customer and a receiving bank for the purpose of (i) verifying that a payment order...
- California Laws: Commercial Code Section 11202
(a) A payment order received by the receiving bank is the authorized order of the person identified as sender if that person authorized the order...
- California Laws: Commercial Code Section 11203
(a) If an accepted payment order is not, under subdivision (a) of Section 11202, an authorized order of a customer identified as sender, but is...
- California Laws: Commercial Code Section 11204
(a) If a receiving bank accepts a payment order issued in the name of its customer as sender which is (i) not authorized and not...
- California Laws: Commercial Code Section 11205
(a) If an accepted payment order was transmitted pursuant to a security procedure for the detection of error and the payment order (i) erroneously instructed...
- California Laws: Commercial Code Section 11206
(a) If a payment order addressed to a receiving bank is transmitted to a funds-transfer system or other third-party communication system for transmittal to the...
- California Laws: Commercial Code Section 11207
(a) Subject to subdivision (b), if, in a payment order received by the beneficiary's bank, the name, bank account number, or other identification of the...
- California Laws: Commercial Code Section 11208
(a) This subdivision applies to a payment order identifying an intermediary bank or the beneficiary's bank only by an identifying number. (1) The receiving bank...
- California Laws: Commercial Code Section 11209
(a) Subject to subdivision (d), a receiving bank other than the beneficiary's bank accepts a payment order when it executes the order. (b) Subject to...
- California Laws: Commercial Code Section 11210
(a) A payment order is rejected by the receiving bank by a notice of rejection transmitted to the sender orally, electronically, or in writing. A...
- California Laws: Commercial Code Section 11211
(a) A communication of the sender of a payment order canceling or amending the order may be transmitted to the receiving bank orally, electronically, or...
- California Laws: Commercial Code Section 11212
If a receiving bank fails to accept a payment order that it is obliged by express agreement to accept, the bank is liable for breach...
