Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 5 - Insurance CommissionerSubchapter 1 - Production of InsuranceArticle 2 - Bail Transactions
Subarticle 4 - Conduct of Bail Licensees
Section 2088 - Collateral; Fiduciary Relation

Cal. Code Regs. tit. 10 § 2088

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Current through Register 2024 Notice Reg. No. 50, December 13, 2024
Section 2088 - Collateral; Fiduciary Relation

Any bail licensee who receives collateral in connection with a bail transaction shall receive such collateral in a fiduciary capacity, and prior to any forfeiture of bail shall keep it separate and apart from any other funds or assets of such licensee.

Cal. Code Regs. Tit. 10, § 2088

1. Change without regulatory effect adding NOTE filed 7-11-2016 pursuant to section 100, title 1, California Code of Regulations (Register 2016, No. 29).

Note: Authority cited: Section 1812, Insurance Code. Reference: Sections 1800, 1800.75, 1800.8, 1801, 1802, 1802.1, 1802.2, 1802.5, 1802.6, 1802.7, 1802.71, 1802.72, 1802.73, 1802.74, 1802.75, 1803, 1804, 1805, 1806, 1807, 1809, 1810, 1812 and 1813, Insurance Code.

1. Change without regulatory effect adding Note filed 7-11-2016 pursuant to section 100, title 1, California Code of Regulations (Register 2016, No. 29).