Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 18897.2 — Professional Athletes and Athlete Agents
Cal. Bus. & Prof. Code § 18897.2
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 1997-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A trust fund shall be established when an athlete agent is the recipient of the athlete’s salary. An athlete agent who receives any payment on behalf of the athlete shall immediately deposit the payment in a trust fund account maintained by the athlete agent in a state or federally chartered…
Citator
Cal. Bus. & Prof. Code § 18897.2 — Professional Athletes and Athlete Agents is in force in the current edition of the Code, and nothing recorded condemns it.
A trust fund shall be established when an athlete agent is the recipient of the athlete’s salary. An athlete agent who receives any payment on behalf of the athlete shall immediately deposit the payment in a trust fund account maintained by the athlete agent in a state or federally chartered financial institution.