California Codes, Business and Professions Code - BPC, Division 3 — Professions and Vocations Generally, Chapter 12 — Cemetery and Funeral Act, Article 9 — Preneed Funeral Arrangements, Section 7737.5
A trustee may deposit the corpus of the trust in any financial institution insured by the Federal Deposit Insurance Corporation.
Notes
Allows a trustee to deposit the trust principal in any financial institution insured by the Federal Deposit Insurance Corporation. Allows that deposit of the trust principal when the financial institution receiving it is insured by the Federal Deposit Insurance Corporation and the deposit is made by the trustee.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 7737.5 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-12/article-9/section-7737-5