Section 17311 Of Article 2. Purpose: Scope Of Guarantee From California Financial Code >> Division 6. >> Chapter 2.5. >> Article 2.
17311
. (a) Persons licensed pursuant to this division shall
maintain a corporation under the Nonprofit Mutual Benefit Corporation
Law (Part 3 (commencing with Section 7110) of Division 2 of Title 1
of the Corporations Code) operating under the name Escrow Agents'
Fidelity Corporation.
(b) The State of California, the Department of Business Oversight,
or any officer, agent, or employee of either shall not be liable in
any way for the conduct of Fidelity Corporation, its directors,
officers, agents, employees, or members.