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Updated:   2026-02-23

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Measure
Authors Archuleta  
Subject Bank deposits and collections.
Relating To relating to commercial transactions.
Title An act to amend Section 4202 of the Commercial Code, relating to commercial transactions.
Last Action Dt 2026-02-20
State Introduced
Status Pending Referral
Flags
Vote Req Approp Fiscal Cmte Local Prog Subs Chgs Urgency Tax Levy Active?
Majority No No No None No No Y
i
Leginfo Link  
Bill Actions
2026-02-20     Introduced. To Com. on RLS. for assignment. To print.
Versions
Introduced     2026-02-20
Analyses TBD
Latest Text Bill Full Text
Latest Text Digest

Existing law requires a collecting bank, as defined, to exercise ordinary care when performing specific duties in a commercial banking transaction, and limits the liability of a collecting bank for the insolvency, neglect, misconduct, mistake, or default of another bank or person or for loss or destruction of an item in the possession of others or in transit, as specified.

This bill would make a nonsubstantive change to this provision.