§ 17302
56 words·~1 min read·
/ca/financial-code/17302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“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.