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4198 REVIEW GRANTED Common law causes of action against a bank based on the claim that it failed to prevent the fraudulent transfer of funds from a depositor's account are pre-empted by the California Uniform Commercial Code, which requires notice to the bank that informs it of the depositor's intent to hold it responsible for the fraudulent transfers before an action can be commenced under its provisions.
ZENGEN, INC v COMERICA BANK (Unauthorized Transfers) 137 CA4 861 [See: CA UCC 11101 etseq; Casey v US Bank 127 CA4 1138, T/AT 5/05]
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