California Commercial Code
§ 12106
COM § 12106 Effective Jan 1, 2024Div. 12
Statute text
View on leginfo.ca.gov(a)An account debtor on a controllable account or controllable payment intangible may discharge its obligation by paying either of the following:
(1)The person having control of the controllable electronic record that evidences the controllable account or controllable payment intangible.
(2)Except as provided in subdivision (b), a person that formerly had control of the controllable electronic record.
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Legislative history
Added by Stats. 2023, Ch. 210, Sec. 90. (SB 95) Effective January 1, 2024.