California Business and Professions Code 7614.3 – Notwithstanding any other law, the bureau shall be the custodian of …
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Notwithstanding any other law, the bureau shall be the custodian of all moneys collected or surrendered pursuant to Sections 7613.9 and 7613.10. As custodian, the bureau may deposit those moneys, or any part thereof, without court approval, in any of the following: a bank or trust company legally authorized and empowered by the state to act as a trustee in the handling of trust funds; in a centralized State Treasury system bank account; or in funds administered by the State Treasurer.
(Added by Stats. 2015, Ch. 395, Sec. 13. (AB 180) Effective January 1, 2016.)
Terms Used In California Business and Professions Code 7614.3
- Bureau: means the Cemetery and Funeral Bureau. See California Business and Professions Code 7601
- State: means the State of California, unless applied to the different parts of the United States. See California Business and Professions Code 21
- Trustee: A person or institution holding and administering property in trust.