Cal. Fin. Code § 17311

Current through the 2023 Legislative Session.
Section 17311 - Corporation subject to Nonprofit Mutual Benefit Corporation Law; state not liable for corporation conduct
(a)Persons licensed pursuant to this division shall maintain a corporation under the Nonprofit Mutual Benefit Corporation Law (Part 3 (commencing with Section 7110) of Division 2 of Title 1 of the Corporations Code) operating under the name Escrow Agents' Fidelity Corporation.
(b)The State of California, the Department of Financial Protection and Innovation, or any officer, agent, or employee of either shall not be liable in any way for the conduct of Fidelity Corporation, its directors, officers, agents, employees, or members.

Ca. Fin. Code § 17311

Amended by Stats 2022 ch 452 (SB 1498),s 123, eff. 1/1/2023.
Amended by Stats 2015 ch 190 (AB 1517),s 39, eff. 1/1/2016.