§ 7176
51 words·~1 min read·
/ca/harbors-and-navigation-code/7176A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A bank may act as depositary, paying agent or fiscal agent for the holding or handling of district funds, notwithstanding the fact that a member of the board is an officer, employee or stockholder of the bank, or of a holding company that owns any of the stock of the bank.