Civil Code - CIV
DIVISION 3. OBLIGATIONS [1427 - 3273.69]
( Heading of Division 3 amended by Stats. 1988, Ch. 160, Sec. 14. ) PART 1. OBLIGATIONS IN GENERAL [1427 - 1543]
( Part 1 enacted 1872. ) TITLE 4. EXTINCTION OF OBLIGATIONS [1473 - 1543]
( Title 4 enacted 1872. ) CHAPTER 2. Offer of Performance [1485 - 1505]
( Chapter 2 enacted 1872. ) 1500.
An obligation for the payment of money is extinguished by a due offer of payment, if the amount is immediately deposited in the name of the creditor, with some bank or savings and loan association within this state, of good repute, and notice thereof is given to the creditor.
(Amended by Stats. 1981, Ch. 632, Sec. 1. Effective September 23, 1981.)