California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2.6 - Franchises
Section 310.113.3 - Depositary
Universal Citation: 10 CA Code of Regs 310.113.3
Current through Register 2024 Notice Reg. No. 12, March 22, 2024
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.
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.
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