California Commercial Code

§ 11105

COM § 11105 Effective Jan 1, 2007Div. 11 · Ch. 1

Statute text

(a)In this division:

(1)“Authorized account” means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.

(2)“Bank” means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company. A branch or separate office of a bank is a separate bank for purposes of this division.

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Legislative history

Amended by Stats. 2006, Ch. 254, Sec. 73. Effective January 1, 2007.