Harbors and Navigation Code section 7176

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.

Source: Section 7176, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HNC§ionNum=7176. (updated Jan. 1, 1959; accessed Aug. 3, 2026).

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Verified:
Aug. 3, 2026

§ 7176's source at ca.gov

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Location: https://california.public.law/codes/harbors_and_navigation_code_section_7176

Original Source: Section 7176, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HNC§ionNum=7176. (last accessed May 12, 2025).