Cal. Code Regs. tit. 10 § 310.113.3

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 310.113.3 - Depositary

Funds subject to an impound condition shall be placed in a separate trust account with an approved depositary. The depositary shall be a national bank located in California or a California bank or trust company. A written consent of the depositary to act in such capacity shall be filed with the Commissioner.

Cal. Code Regs. Tit. 10, § 310.113.3

1. Amendment filed 10-28-82; effective thirtieth day thereafter (Register 82, No. 44).

Note: Authority cited: Section 31502, Corporations Code. Reference: Section 31113, Corporations Code.

1. Amendment filed 10-28-82; effective thirtieth day thereafter (Register 82, No. 44).