A licensee under this division shall not sell checks payable to bearer, to cash, or to the purchaser, but a licensee may sell a check in which the name of the payee is not designated in any way if the check does not exceed one hundred fifty dollars ($150) in amount.
Cal. Fin. Code § 12310
Licensee Regulations
Applied in 1 court decision — leading case 46 Cal. 2d 863 - Bank of America National Trust & Savings Ass'n v. Bowden (1956)
Most recently applied in 46 Cal. 2d 863 - Bank of America National Trust & Savings Ass'n v. Bowden (August 1956)
Amended by Stats. 1955, Ch. 774.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.