CHAPTER 1. Subject Matter and Definitions [11101. - 11108.]

Chapter 1 added by Stats. 1990, Ch. 125, Sec. 2.

§§ 11101–11108 · 8 sections

• § 11101 This division may be cited as Uniform Commercial Code—Funds Transfers.
• § 11102 Except as otherwise provided in Section 11108, this division applies to funds transfers defined in Section 11104.
• § 11103 (a) In this division: (1) “Payment order” means an instruction of a sender to a receiving bank, transmitted orally or in a record, to pay, or to cause another…
• § 11104 In this division: (a) “Funds transfer” means the series of transactions, beginning with the originator’s payment order, made for the purpose of making payment…
• § 11105 (a) In this division: (1) “Authorized account” means a deposit account of a customer in a bank designated by the customer as a source of payment of payment…
• § 11106 (a) The time of receipt of a payment order or communication canceling or amending a payment order is determined by the rules applicable to receipt of a notice…
• § 11107 Regulations of the Board of Governors of the Federal Reserve System and operating circulars of the Federal Reserve Banks supersede any inconsistent provision…
• § 11108 (a) Except as provided in subdivision (b), this division does not apply to a funds transfer any part of which is governed by the Electronic Fund Transfer Act…