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CA SB1320

Bill

Status

Introduced

2/20/2026

Primary Sponsor

Bob Archuleta

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Makes a nonsubstantive grammatical change to Commercial Code Section 4202 regarding collecting bank liability
  • Changes the phrase "is not liable" to "shall not be liable" in the provision limiting bank liability for another bank's insolvency, neglect, misconduct, or mistakes
  • Requires no fiscal appropriation and has no impact on local programs
  • Introduced by Senator Archuleta on February 20, 2026
  • Passes with a majority vote; no fiscal committee review required

Legislative Description

Bank deposits and collections.

Last Action

Referred to Com. on RLS.

3/4/2026

Committee Referrals

Rules2/20/2026

Full Bill Text

No bill text available