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CA SB1320
Bill
Status
Introduced
2/20/2026
Primary Sponsor
Bob Archuleta
Click for details
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