Bank deposits and collections.
Summary
Existing law requires a collecting bank, as defined, to exercise ordinary care when performing specific roles in a commercial banking transaction, and limits the liability of a collecting bank for the insolvency, neglect, misconduct, mistake, or default of another bank or person or for loss or destruction of an item in the possession of others or in transit, as specified. This bill would make a nonsubstantive change to this provision.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2016
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2016
Last action Feb 22, 2016
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Feb 21, 2016
Assembly · Reported by committee
From printer. May be heard in committee March 22.
Feb 19, 2016
Assembly · Introduced
Introduced. To print.
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Kansen Chu
DDemocratic
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