California Code, Harbors and Navigation Code - HNC § 7176
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A bank may act as depositary, paying agent or fiscal agent for the holding or handling of district funds, notwithstanding the fact that a member of the board is an officer, employee or stockholder of the bank, or of a holding company that owns any of the stock of the bank.
Cite this article: FindLaw.com - California Code, Harbors and Navigation Code - HNC § 7176 - last updated January 01, 2023 | https://codes.findlaw.com/ca/harbors-and-navigation-code/hnc-sect-7176/
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