Allied Concord Financial Corp. v. Bank of America

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “suit in California by the drawer on contract principles is barred by the one-year statute of limitation, whether brought against the [payor] bank, the collecting bank, or the depositary bank”
• explaining that “[i]t would make little sense to extend greater protection to the [payor] bank than to depositary . . . banks”

Source: CourtListener parenthetical corpus (CC0).