Miscellaneous Provisions
Known as the Uniform Commercial Code
The act spans §§ 1101–12107 (623 sections).
Applied in 2 court decisions — leading case 730 F. Supp. 2d 1080 - Gutierrez v. Wells Fargo Bank, N.A. (2010)
Most recently applied in 730 F. Supp. 2d 1080 - Gutierrez v. Wells Fargo Bank, N.A. (August 2010)
Added by Stats. 1990, Ch. 125, Sec. 2.
(a) If a receiving bank has received more than one payment order of the sender or one or more payment orders and other items that are payable from the sender’s account, the bank may charge the sender’s account with respect to the various orders and items in any sequence.
(b) In determining whether a credit to an account has been withdrawn by the holder of the account or applied to a debt of the holder of the account, credits first made to the account are first withdrawn or applied.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.