Section 1611 Of Article 5. Miscellaneous From California Financial Code >> Division 1.1. >> Chapter 16. >> Article 5.
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 not be used in the conduct of its business except to the
extent that such funds are deposited with the same corporation or
association in accordance with the provisions of this division. Any
officer of any bank or association who knowingly violates or consents
to the violation of this section is guilty of a felony.