Business and Professions Code section 7614.3

Notwithstanding any other law, the bureau shall be the custodian of all moneys collected or surrendered pursuant to Section 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.

Source: Section 7614.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=7614.3. (accessed May 14, 2025).

Last Updated

May 12, 2025

§ 7614.3’s source at ca.gov

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Location: https://california.public.law/codes/business_and_professions_code_section_7614.3

Original Source: Section 7614.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=7614.3. (last accessed May 12, 2025).