Statute · California Probate Code
Cal. Prob. Code § 9702 — Deposit of Money and Personal Property With Financial Institutions
Cal. Prob. Code § 9702
- Type
- Statute
- Source
- California Probate Code
- Jurisdiction
- California
- Date
- 2015-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A trust company serving as personal representative may deposit securities that constitute all or part of the estate in a securities depository, as provided in Section 1612 of the Financial Code.
Citator
Cal. Prob. Code § 9702 — Deposit of Money and Personal Property With Financial Institutions is in force in the current edition of the Code, and nothing recorded condemns it.
(a) A trust company serving as personal representative may deposit securities that constitute all or part of the estate in a securities depository, as provided in Section 1612 of the Financial Code.
(b) If securities have been deposited with a trust company by a personal representative pursuant to Section 9701, the trust company may deposit the securities in a securities depository, as provided in Section 1612 of the Financial Code.
(c) The securities depository may hold securities deposited with it in the manner authorized by Section 1612 of the Financial Code.