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2020 California Code
Civil Code - CIV
DIVISION 3 - OBLIGATIONS
PART 1 - OBLIGATIONS IN GENERAL
TITLE 4 - EXTINCTION OF OBLIGATIONS
CHAPTER 2 - Offer of Performance
Section 1500.
Universal Citation: CA Civ Code § 1500 (2020)
1500.
An obligation for the payment of money is extinguished by a due offer of payment, if the amount is immediately deposited in the name of the creditor, with some bank or savings and loan association within this state, of good repute, and notice thereof is given to the creditor.
(Amended by Stats. 1981, Ch. 632, Sec. 1. Effective September 23, 1981.)
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