Current through Register 2025 Notice Reg. No. 2, January 10, 2025
Section 16009.2.5 - Demand for Payment-Presentment to DepositoryUnless the deposit contract provides otherwise:
(a) A demand for payment shall be deemed to be presented to a depository when delivered to any officer or employee of such depository at the office of such depository where the local agency deposit is maintained; provided, however, that if such delivery occurs after the close of business hours of such office, then such demand for payment shall be deemed to be presented to the depository on the next succeeding day which is not a holiday.(b) A demand for payment, if delivered to any officer or employee of a depository at any office of such depository other than the office where the local agency deposit is maintained, shall be deemed to be presented to such depository on the next succeeding day which is not a holiday.Cal. Code Regs. Tit. 2, § 16009.2.5