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2025 California Code
Commercial Code - COM
DIVISION 11 - FUNDS TRANSFERS
CHAPTER 4 - Payment
Section 11401.
Universal Citation:
CA Com Code § 11401 (2025)
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11401. “Payment date” of a payment order means the day on which the amount of the order is payable to the beneficiary by the beneficiary’s bank. The payment date may be determined by instruction of the sender but cannot be earlier than the day the order is received by the beneficiary’s bank and, unless otherwise determined, is the day the order is received by the beneficiary’s bank.
(Added by Stats. 1990, Ch. 125, Sec. 2.)
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