§ 310.113.3. Depositary.
10 CA ADC § 310.113.3Barclays Official California Code of Regulations
10 CCR § 310.113.3
§ 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.
Credits
Note: Authority cited: Section 31502, Corporations Code. Reference: Section 31113, Corporations Code.
History
1. Amendment filed 10-28-82; effective thirtieth day thereafter (Register 82, No. 44).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 310.113.3, 10 CA ADC § 310.113.3
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