§ 11301 (a) A payment order is “executed” by the receiving bank when it …
§ 11302 (a) Except as provided in subdivisions (b) to (d), inclusive, if …
§ 11303 (a) A receiving bank that (i) executes the payment order of the …
§ 11304 If the sender of a payment order that is erroneously executed as …
§ 11305 (a) If a funds transfer is completed but execution of a payment …
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Terms Used In California Codes > Commercial Code > Division 11 > Chapter 3 - Execution of Sender's Payment Order by Receiving Bank

  • agreement: means the total legal obligation that results from the parties' agreement as determined by this code and as supplemented by any other applicable laws. See California Commercial Code 1201
  • Bank: means a person engaged in the business of banking, and includes a savings bank, savings and loan association, credit union, and trust company. See California Commercial Code 1201
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See California Commercial Code 1201
  • Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
  • Sell: includes offer for sale, expose for sale, possess for sale, exchange, barter, or trade. See California Food and Agricultural Code 44