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DIVISION 6. ESCROW AGENTS 17000-17703›CHAPTER 2.5. Escrow Agents’ Fidelity Corporation 17300-17350›ARTICLE 1. Definitions 17300-17305

§ 17302

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

“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.

(Amended by Stats. 2001, Ch. 662, Sec. 1. Effective January 1, 2002.)

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California Financial Code

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