Statute · California Financial Code
Cal. Fin. Code § 5103.5 — General Definitions
Cal. Fin. Code § 5103.5
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1984-06-21
- Current through
- Nov 2, 2026 (California Legislative Counsel)
“Commercial paper” means any note, draft, or bill of exchange which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions, and which has a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any…
Citator
Cal. Fin. Code § 5103.5 — General Definitions is in force in the current edition of the Code, and nothing recorded condemns it.
“Commercial paper” means any note, draft, or bill of exchange which arises out of a current transaction or the proceeds of which have been or are to be used for current transactions, and which has a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is likewise limited.