Financial Code § 17302

ARTICLE 1. Definitions

Current as of September 28, 2026Fin. Code, § 17302Official source ↗

Amended by Stats. 2001, Ch. 662, Sec. 1. Effective January 1, 2002.

“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.