California Codes
Cal. Financial Code § 1451 (2026)
General — Withdrawals and Collections
✓ leginfo export of Sept. 26, 2026 (applied Oct. 1, 2026)
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When the depositor of a commercial or savings account has authorized any person to make withdrawals from the account, the bank, in the absence of written notice otherwise, may assume that any check, receipt, or order of withdrawal drawn by such person in the authorized form or manner, including checks drawn to his personal order and withdrawal orders payable to him personally, was drawn for a purpose authorized by the depositor and within the scope of the authority conferred upon such person.
Notes of Decisions
Cited in 2
cases (2 in the last 5 years), 2023–2025 · leading case: Law Firm of Fox & Fox v. Chase Bank, 95 Cal. App. 5th 182 (Cal. Ct. App. 2023).
Law Firm of Fox & Fox v. Chase Bank, 95 Cal. App. 5th 182 (Cal. Ct. App. 2023). “) Although banks have a duty to act with reasonable care toward their depositors, including to ensure a person making a withdrawal has authority to do so, Financial Code section 1451 addresses the longstanding principle first codified in the 1925 Bank Act (Stats.”
Camenisch v. Umpqua Bank, 763 F. Supp. 3d 871 (N.D. Cal. 2025). “6 Umpqua asks the Court to exclude any argument or evidence about the allegedly 7 suspicious nature of transfers from PFI’s business accounts to the personal accounts of Ken Casey 8 and Lewis Wallach as contrary to California Financial Code § 1451. California Financial Code 9 §…”
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