Statute · California Financial Code
Cal. Fin. Code § 40500 — RELEASE OF DEMAND DEPOSIT FUNDS
Cal. Fin. Code § 40500
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
It is the intent of the Legislature that a financial institution shall not transfer funds from a depositor’s account unless authorization has been granted by that depositor. This division is declaratory of existing case law and is intended to codify the law for the convenience of the public,…
Citator
Cal. Fin. Code § 40500 — RELEASE OF DEMAND DEPOSIT FUNDS is in force in the current edition of the Code, and nothing recorded condemns it.
It is the intent of the Legislature that a financial institution shall not transfer funds from a depositor’s account unless authorization has been granted by that depositor. This division is declaratory of existing case law and is intended to codify the law for the convenience of the public, regulatory authorities, and financial institutions.