California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 12 — Cemetery and Funeral Act, Article 1.5 — Definitions and Regulation of Cemeteries, Section 7614.3
Notwithstanding any other law, the bureau shall be the custodian of all moneys collected or surrendered pursuant to Sections 7613.9 and 7613.10. As custodian, the bureau may deposit those moneys, or any part thereof, without court approval, in any of the following: a bank or trust company legally authorized and empowered by the state to act as a trustee in the handling of trust funds; in a centralized State Treasury system bank account; or in funds administered by the State Treasurer.
Notes
Establishes the bureau as custodian of all money collected or surrendered under the specified provisions and allows it, without court approval, to deposit some or all of that money with an authorized bank or trust company, in a centralized State Treasury system bank account, or in funds administered by the State Treasurer.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 7614.3 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-12/article-1-5/section-7614-3