TME Enterprises, Inc. v. Norwest Corp.

Opinion

MOSK, J.

Plaintiffs and appellants TME Enterprises, Inc. and James L. McDaniel (appellants) appeal from a judgment, following a court trial, in favor of defendants and respondents Norwest Bank Colorado (Norwest Bank or the Bank), Norwest Services, Inc. (NSI), and Norwest Corporation (collectively respondents) in appellants’ consolidated actions for violation of subpart B of the Federal Reserve Board’s Regulation J (12 C.F.R. §§ 210.25-210.32 (2004) (Regulation J), which incorporates Uniform Commercial Code (UCC) article 4A (12 C.F.R. § 210.25(b)) 3 and which governs wire transfers…