California Business and Professions Code

§ 7614.3

BPC § 7614.3 Effective Jan 1, 2016Div. 3 · Ch. 12 · Art. 1.5

Statute text

Notwithstanding any other law, the bureau shall be the custodian of all moneys collected or surrendered pursuant to Sections 7613.9 and 7613.10. As custodian, the bureau may deposit those moneys, or any part thereof, without court approval, in any of the following: a bank or trust company legally authorized and empowered by the state to act as a trustee in the handling of trust funds; in a centralized State Treasury system bank account; or in funds administered by the State Treasurer.

Legislative history

Added by Stats. 2015, Ch. 395, Sec. 13. (AB 180) Effective January 1, 2016.