California § 1422 - For the purposes of computing the amount of interest or dividends payable with re
Full text of California Public Contract Code - PCC § 1422 — For the purposes of computing the amount of interest or dividends payable with re, with citation guidance and answers to common questions.
§ 1422. For the purposes of computing the amount of interest or dividends payable with re
For the purposes of computing the amount of interest or dividends payable with respect to an interest-bearing deposit account, a depository institution shall not delay beginning to compute interest on funds deposited by check or similar instrument to such an account beyond the date on which that depository institution receives provisional credit for the check or similar instrument. However, the payment of interest with respect to funds deposited by check or similar instrument which is returned unpaid shall not be required.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1422
What does Public Contract Code - PCC § 1422 cover?
Section 1422 ("For the purposes of computing the amount of interest or dividends payable with re") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1422?
A common citation format is "Public Contract Code - PCC § 1422" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1422 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.