California Financial Code

§ 1429

FIN § 1429 Effective Jan 1, 2012Div. 1.1 · Ch. 12 · Art. 2

Statute text

(a)Funds deposited in an account at a depository institution shall be available on the second business day after the business day on which those funds are deposited in the case of a cashier’s check, certified check, teller’s check, or depository check subject to the following:

(1)The check is endorsed only by the person to whom it was issued.

(2)The check is deposited in a receiving depository institution that is staffed by individuals employed by that institution.

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Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.