From the Bash manual [1]:
. [-p path] filename [arguments]
> If filename does not contain a slash, . searches for it. If
-p is supplied, . treats path as a colon-separated list of directories in which to find filename; otherwise, . uses the directories in
PATH to find filename. filename does not need to be executable. When Bash is not in POSIX mode, it searches the current directory if filename is not found in
$PATH, but does not search the current directory if
-p is supplied. If the
sourcepath option (see The Shopt Builtin) is turned off, . does not search
PATH.
From "The Open Group Base Specifications Issue 8 - IEEE Std 1003.1-2024" [2]:
. file
> If
file does not contain a , the shell shall use the search path specified by
PATH to find the directory containing
file. Unlike normal command search, however, the file searched for by the dot utility need not be executable.
So it seems that it's not something Bash specific.
[1]: https://www.gnu.org/software/bash/manual/html_node/Bourne-Sh... )
[2]: https://pubs.opengroup.org/onlinepubs/9799919799/utilities/V...