Section 54551 Of Article 7. Fiscal Agent From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 6. >> Article 7.

. The local agency may:
  (a) Provide for the powers, duties, functions, and compensation of the fiscal agent.
  (b) Limit the liabilities of the fiscal agent.
  (c) Prescribe a method for his resignation and removal, and the merger or consolidation of fiscal agents.
  (d) Prescribe a method for the appointment of a successor fiscal agent and the transfer of rights and properties to the successor.