California Commercial Code

§ 4207

COM § 4207 Effective Jan 1, 1997Div. 4 · Ch. 2

Statute text

(a)A customer or collecting bank that transfers an item and receives a settlement or other consideration warrants to the transferee and to any subsequent collecting bank that all of the following are applicable:

(1)The warrantor is a person entitled to enforce the item.

(2)All signatures on the item are authentic and authorized.

…

Legislative history

Amended by Stats. 1996, Ch. 316, Sec. 5. Effective January 1, 1997.