CHAPTER 12. Deposits [1400. - 1440.]
Chapter 12 added by Stats. 2011, Ch. 243, Sec. 3.
§§ 1400–1440 · 24 sections
ARTICLE 1. Depositors §§ 1400–1415 · 13 sections
- § 1400 A bank account by or in the name of a minor shall be held for the exclusive right and benefit of such minor and shall be paid to such minor or to his order and…
- § 1401 A bank account by or in the name of a married person shall be held for the exclusive right and benefit of the person, shall be free from the control or lien of…
- § 1402 A bank account that is a multiple-party account as defined in Section 5132 of the Probate Code is governed by Part 2 (commencing with Section 5100) of Division…
- § 1403 No bank, directly or indirectly, by any device whatever, shall pay any interest on any demand deposit except to the extent that the payment of interest on…
- § 1404 Notwithstanding Section 10145 of the Business and Professions Code or any other provision of law, but subject to the limitations of Section 854, benefits…
- § 1405 (a) Notwithstanding Section 10145 of the Business and Professions Code or any other provision of law, benefits accruing from the placement in an interest…
- § 1406 (a) In this section: (1) “Creditor” includes, but is not limited to, a depositor. (2) “Insolvency,” when used with respect to a bank, means that the bank is…
- § 1407 An overdraft of more than 90 days standing shall not be allowed as an asset of any bank.
- § 1408 A bank may act as a depositary, paying agent, trustee, or fiscal agent for the holding or handling of public funds or securities notwithstanding the fact that…
- § 1409 When a statement of account has been rendered by a bank to a depositor accompanied by vouchers, if any, which are the basis for debit entries in such account,…
- § 1410 (a) No bank shall impose any charge on a savings account or on a depositor for the failure of a depositor to deposit, or for the late deposit of, any agreed…
- § 1411 (a) For the purposes of this section: (1) “Customer” means one or more natural persons. (2) “Debt” means an interest-bearing obligation or an obligation which…
- § 1415 (a) For purposes of this section, the following definitions apply: (1) “Nonqualifying account” means a deposit account, other than a demand deposit account,…
ARTICLE 2. Disclosure of Delayed Availability Policy §§ 1420–1429 · 10 sections
- § 1420 As used in this article: (a) “Depository institution” means any of the following: (1) Any insured bank as defined in Section 3 of the Federal Deposit Insurance…
- § 1421 (a) Prior to opening a deposit account a depository institution shall provide a written disclosure to the potential customer of its general policy with respect…
- § 1422 For the purposes of computing the amount of interest or dividends payable with respect to an interest-bearing deposit account, a depository institution shall…
- § 1423 Except as otherwise provided in this section, any depository institution which fails to comply with any requirement imposed pursuant to this article shall be…
- § 1424 The commissioner shall issue administrative regulations to define a reasonable time for permitting customers to draw on items received for deposit in the…
- § 1425 Pursuant to Section 1424, the commissioner shall promulgate regulations which shall be reviewed annually to establish a reasonable period of time within which…
- § 1426 The commissioner is authorized to gather from depository institutions such information as may be necessary for the formulation and promulgation of the…
- § 1427 The first regulations issued pursuant to this article shall be issued on or before July 1, 1984.
- § 1428 The commissioner is authorized to issue regulations which provide for a different period of time for withdrawal as a matter of right against deposited items,…
- § 1429 (a) Funds deposited in an account at a depository institution shall be available on the second business day after the business day on which those funds are…
ARTICLE 3. Dormant Accounts § 1440 · 1 section
- § 1440 Any bank which delivers or has heretofore delivered to the State Treasurer pursuant to law any unclaimed or abandoned deposit shall not thereafter be liable to…