Financial Code section 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, if there has been a determination that the application of the regulations adopted pursuant to this article would result in unsafe or unsound practices by a depository institution subject to the regulatory jurisdiction of the commissioner.

Source: Section 1428, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=1428.­ (updated Jan. 1, 2012; accessed Jun. 30, 2025).

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Verified:
Jul. 7, 2025

§ 1428's source at ca​.gov