California Financial Code

§ 17302

FIN § 17302 Effective Jan 1, 2002Div. 6 · Ch. 2.5 · Art. 1

Statute text

“Trust obligation” means:

(a)All money and property deposited with a member within the State of California in an escrow or joint control transaction.

(b)All money and property deposited with a member to be held in trust within the State of California pursuant to a federal or state statute or requirements of a governmental agency.

Legislative history

Amended by Stats. 2001, Ch. 662, Sec. 1. Effective January 1, 2002.