Statute · California Commercial Code
Cal. Com. Code § 11401 — Payment
Cal. Com. Code § 11401
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“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…
Citator
Cal. Com. Code § 11401 — Payment is in force in the current edition of the Code, and nothing recorded condemns it.
“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.