Financial Code section 40500

It is the intent of the Legislature that a financial institution shall not transfer funds from a depositor’s account unless authorization has been granted by that depositor. This division is declaratory of existing case law and is intended to codify the law for the convenience of the public, regulatory authorities, and financial institutions.

Source: Section 40500, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=40500. (updated Jan. 1, 1985; accessed Jul. 7, 2025).

40500
40501

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Verified:
Jul. 7, 2025

§ 40500's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_40500

Original Source: Section 40500, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=40500. (last accessed May 12, 2025).