California Commercial Code
§ 11103
COM § 11103 Effective Jan 1, 2024Div. 11 · Ch. 1
Statute text
View on leginfo.ca.gov(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.
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Legislative history
Amended by Stats. 2023, Ch. 210, Sec. 81. (SB 95) Effective January 1, 2024.