California · Financial Code
FIN §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.
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“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.
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