“Clearing bank,” when used with respect to a payment instrument or stored value, means the bank on which such payment instrument or stored value is drawn or at or through which such payment instrument or stored value is payable.

Note: Authority cited: Sections 321 and 334, Financial Code. Reference: Division 1.2, Financial Code.

History

1. Amendment of section and Note filed 8-11-2015; operative 10-1-2015 (Register 2015, No. 33).