Harbors and Navigation Code § 7176
‹ § 7175§ 7190 ›Open in browserleginfo ↗7176.
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.
(Added by Stats. 1959, Ch. 1598.)