California Financial Code ARTICLE 5 - Miscellaneous

• Section 1600.
  A trust company has the following powers:(a) It may act, or may be appointed by any court to act, in like manner as an individual, as...
• Section 1601.
  For the purposes of this chapter, all trusts and other business permitted to be accepted or executed by a trust company are hereby classified and...
• Section 1602.
  A trust company, its officers and employees, shall not disclose any information to any person concerning the existence, condition, management, and administration of any private...
• Section 1603.
  The commissioner shall examine the court trust business of a trust company at least once every 24 months and shall examine the private trust business...
• Section 1604.
  In making the reports to the commissioner required by this division, every trust company shall report, in addition to the other facts called for, separately,...
• Section 1605.
  Any court having jurisdiction of any executor, administrator, guardian, conservator, assignee, receiver, depositary, or trustee, upon the application of any such officer or trustee or...
• Section 1606.
  Securities held by a trust company by direction of any court order issued pursuant to Section 1605 may be deposited in a securities depository, as...
• Section 1607.
  Whenever an executor, administrator, guardian or conservator of estates, assignee, receiver, depositary, or trustee is required to qualify by taking and subscribing an oath or...
• Section 1608.
  Whenever any corporation desires to withdraw from and discontinue doing a trust business, it shall furnish to the commissioner satisfactory evidence of its release and...
• Section 1609.
  The validity or legality of any act or proceeding done or taken by any trust company, relating to or in connection with the administration of...
• Section 1610.
  Nothing in this chapter shall make it unlawful for any person or corporation to engage in the business of receiving and holding money in escrow...
• Section 1611.
  A bank or trust company shall not mingle trust funds received by it with other assets of the corporation or association and such funds shall...
• Section 1612.
  Notwithstanding any other provision of law, any bank and any trust company holding securities in a fiduciary capacity or while engaged in a trust business,...
• Section 1613.
  Notwithstanding any other provision of law, any bank and any trust company holding securities in a fiduciary capacity or while engaged in a trust business,...

Last modified: October 22, 2018