California Commercial Code

§ 3405

COM § 3405 Effective Jan 1, 1993Div. 3 · Ch. 4

Statute text

(a)In this section:

(1)“Employee” includes an independent contractor and employee of an independent contractor retained by the employer.

(2)“Fraudulent indorsement” means (A) in the case of an instrument payable to the employer, a forged indorsement purporting to be that of the employer, or (B) in the case of an instrument with respect to which the employer is the issuer, a forged indorsement purporting to be that of the person identified as payee.

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Legislative history

Repealed and added by Stats. 1992, Ch. 914, Sec. 6. Effective January 1, 1993.