California Commercial Code

§ 3105

COM § 3105 Effective Jan 1, 2024Div. 3 · Ch. 1

Statute text

(a)“Issue” means:

(1)the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of giving rights on the instrument to any person; or

(2)if agreed by the payee, the first transmission by the drawer to the payee of an image of an item and information derived from the item that enables the depositary bank to collect the item by transferring or presenting under federal law an electronic check.

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Legislative history

Amended by Stats. 2023, Ch. 210, Sec. 12. (SB 95) Effective January 1, 2024.