Financial Code section 17302

“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.

Source: Section 17302, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=17302.­ (updated Jan. 1, 2002; accessed Jul. 20, 2026).

Green check means up to date. Up to date

Verified:
Jul. 20, 2026

§ 17302's source at ca​.gov