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Can you summarize Fin Code CACL Division 1.1 Chapter 12?
BANKING [1000. - 1910.] > Deposits [1400. - 1440.]
Short Summary
The provided legal document content covers various aspects related to deposits and banking operations. It governs the rights and benefits of minors and married persons in bank accounts, the handling of multiple-party accounts, the payment of interest on demand deposits, and the benefits accruing from the placement of funds received by real estate brokers. It also addresses the handling of statements of account by banks, charges on savings accounts, setoff rights and limitations for banks, and deposits and savings promotions offered by banks. The documents apply to a range of entities including minors, married persons, real estate brokers, borrowers, depositors, banks, and customers. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Minors, married persons, real estate brokers, borrowers, depositors, banks, and customers
What does it govern?
Rights and benefits of minors and married persons in bank accounts, handling of multiple-party accounts, payment of interest on demand deposits, benefits accruing from funds received by real estate brokers, handling of statements of account by banks, charges on savings accounts, setoff rights and limitations for banks, and deposits and savings promotions offered by banks
What are exemptions?
No specific exemptions are mentioned in these documents
What are the Penalties?
Penalties determined by the court for failure to comply with the requirements imposed by this document
Jurisdiction
California