California Statutes
§ 12301.5. — 12301.5. (Added by Stats. 1963, Ch. 1817.)
California·Code FIN Financial Code - FIN·Div. 3. DIVISION 3. CHECK SELLERS, BILL PAYERS, AND PRORATERS·Ch. 4. CHAPTER 4. Licensee Regulations
No agent of a licensee shall issue or cause to be issued any check, draft, or money order, or other commercial paper serving the same purpose which is drawn upon the trust account of a licensee without concurrently receiving in full, in cash, or by check, draft, or money order from a third party believed to be valid, the principal amount thereof.
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California § 12301.5. (12301.5. (Added by Stats. 1963, Ch. 1817.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1963, Ch. 1817.