This legal document, part of the California Commercial Code, specifically addresses the general provisions and definitions related to bank deposits and collections. It provides definitions for various terms used in this division, such as ‘bank’, ‘depositary bank’, ‘payor bank’, ‘intermediary bank’, ‘collecting bank’, and ‘presenting bank’. The document also clarifies that actions or nonactions approved by this division or pursuant to Federal Reserve regulations or operating circulars are considered the exercise of ordinary care.

This section of the California Commercial Code governs the rights and obligations of successors of beneficiaries in letters of credit. It specifies that a successor of a beneficiary may consent to amendments, sign and present documents, and receive payment or other items of value in the name of the beneficiary without disclosing its status as a successor. Alternatively, a successor may consent to amendments, sign and present documents, and receive payment or other items of value in its own name as the disclosed successor of the beneficiary.

The provided legal document content covers various aspects of secured transactions under the California Commercial Code. It governs the creation, attachment, and perfection of security interests in personal property or fixtures, as well as the rights and obligations of parties involved in secured transactions. The documents also provide guidelines for filing financing statements and determining the sufficiency of debtor’s names on such statements. They apply to secured parties, debtors, obligors, lienholders, account debtors, and other obligated persons.

This legal document, added to the California Codes under the Financial Code, provides authorization for state or nationally chartered banks, their subsidiaries or affiliates transacting business in California, to bring an action for recovery of damages against a borrower in cases of fraud. The action can be brought if the loan is secured by a mortgage or deed of trust on real property, and the borrower’s fraudulent conduct induced the original lender to make the loan.

Any director, officer, agent, or employee of any bank who knowingly receives or possesses himself or herself of any of its property otherwise than in payment of a just demand, and with intent to defraud, omits to make or cause to be made a full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof is guilty of a felony. (Added by Stats.

Any director, officer, agent, or employee of a bank who knowingly concurs in making or publishing any written report, exhibit, or statement of its affairs or pecuniary condition containing any material statement which is false, or having the custody of its books willfully refuses or neglects to make any proper entry in such books as required by law, or to exhibit or allow the same to be inspected or extracts to be taken therefrom by the commissioner or his or her deputies or examiners, is guilty of a felony.

This legal document governs the business activities of banks and trust companies in California regarding the renting of safe deposit boxes and the acceptance of personal property for safekeeping and storage on their banking premises. It requires banks and trust companies to provide customers with a copy of any safe deposit rental agreement or personal property safekeeping and storage agreement at the time of signing, either in person or within 10 calendar days if signed elsewhere.

A director of a bank, organized under the laws of this state, who concurs in any vote or act of the directors of such corporation, or any of them, by which it is intended to make a loan or discount to any director of such corporation, or upon paper upon which any such director is liable or responsible to an amount exceeding the amount allowed by the statutes is guilty of a misdemeanor.

Every officer, agent, teller, or clerk of any bank, and every individual banker, or agent, teller, or clerk of any individual banker, who receives any deposits, knowing that the bank, association, or banker is insolvent, is guilty of a misdemeanor. (Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

This provision, added to the California Financial Code, applies to officers, directors, trustees, employees, or agents of any bank. It prohibits the willful making of false or untrue entries in any book, record, report, statement, or tag of the bank, with the intent to deceive various parties such as officers, directors, trustees, agents or examiners, public officers or boards. The provision also covers the willful omission to make a new entry of any matter pertaining to the bank’s business, property, condition, affairs, transactions, assets, or accounts, as well as the willful alteration, abstraction, concealment, or destruction of any book, record, report, statement, or tag of the bank.