California Commercial Code

§ 11103

COM § 11103 Effective Jan 1, 2024Div. 11 · Ch. 1

Statute text

(a)In this division:

(1)“Payment order” means an instruction of a sender to a receiving bank, transmitted orally or in a record, to pay, or to cause another bank to pay, a fixed or determinable amount of money to a beneficiary if all of the following apply:

(i)The instruction does not state a condition to payment to the beneficiary other than time of payment.

…

Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 81. (SB 95) Effective January 1, 2024.