California housing & land-use law
10 CCR § 2832.1. Trust Fund Handling for Multiple Beneficiaries.
Title 10, California Code of Regulations (real estate), as enacted — this section's verbatim text. The library holds selected sections of this code, not the whole code.
- Edition
- 2026-09-23 official publisher snapshot
- Effective
- 1996-11-13
- Last updated
- 2026-09-26
- Jurisdiction
- California
§ 2832.1¶
Trust Fund Handling for Multiple Beneficiaries.
The written consent of every principal who is an owner of the funds in the account shall be obtained by a real estate broker prior to each disbursement if such a disbursement will reduce the balance of funds in the account to an amount less than the existing aggregate trust fund liability of the broker to all owners of the funds.
Official source: § 2832.1. Trust Fund Handling for Multiple Beneficiaries..
Source snapshot retrieved: 2026-09-23T18:12:49.071Z.
- Amendment filed 11-13-96; operative 11-13-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 46).
Version dates (indexing metadata): Effective 1996-11-13.
Date derivation (indexing metadata): This is the current publisher text. The filing history states: "3. Amendment filed 11-13-96; operative 11-13-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 46)." The indexing start is therefore 1996-11-13. No earlier version is represented.