General Provisions and Definitions
Known as the Uniform Commercial Code
The act spans §§ 1101–12107 (623 sections).
Applied in 2 court decisions — leading case McMullen Oil Co. v. Crysen Refining, Inc. (In Re McMullen Oil Co.) (2000)
Most recently applied in McMullen Oil Co. v. Crysen Refining, Inc. (In Re McMullen Oil Co.) (June 2000)
Added by renumbering Section 4107 by Stats. 1992, Ch. 914, Sec. 14
(a) For the purpose of allowing time to process items, prove balances, and make the necessary entries on its books to determine its position for the day, a bank may fix an afternoon hour of 2 p.m. or later as a cutoff hour for the handling of money and items and the making of entries on its books.
(b) An item or deposit of money received on any day after a cutoff hour so fixed or after the close of the banking day may be treated as being received at the opening of the next banking day.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.