California Commercial Code

§ 3505

COM § 3505 Effective Jan 1, 2012Div. 3 · Ch. 5

Statute text

(a)The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated:

(1)A document regular in form as provided in subdivision (b) which purports to be a protest.

(2)A purported stamp or writing of the drawee, payor bank, or presenting bank on or accompanying the instrument stating that acceptance or payment has been refused unless reasons for the refusal are stated and the reasons are not consistent with dishonor.

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Legislative history

Amended by Stats. 2011, Ch. 269, Sec. 4. (AB 75) Effective January 1, 2012.