Section 7176 Of Article 1. General From California Harbors And Navigation Code >> Division 8. >> Part 7. >> Chapter 6. >> Article 1.

. 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.