AB 257: Banking.

Under existing law, the Banking Law, when a statement of account has been rendered by a bank to a depositor accompanied by vouchers, if any, which are the basis for debit entries in that account, that account is required, after the period of four years from the date of its rendition, in the event no objection thereto has been theretofore made by the depositor, to be deemed finally adjusted and settled and its correctness conclusively presumed, and that depositor is required thereafter to be barred from questioning the correctness of that account for any cause.

This bill would make nonsubstantive changes to that provision.