There is a newer version of the California Code
2011 California Code
Business and Professions Code
DIVISION 8. SPECIAL BUSINESS REGULATIONS [18400 - 22948.7]
ARTICLE 2. Professional Athletes and Athlete Agents
Section 18897.2
CA Bus & Prof Code § 18897.2 (through 2012 Leg Sess) What's This?
A trust fund shall be established when an athlete agent is the recipient of the athlete s salary. An athlete agent who receives any payment on behalf of the athlete shall immediately deposit the payment in a trust fund account maintained by the athlete agent in a state or federally chartered financial institution.
(Added by Stats. 1996, Ch. 857, Sec. 2. Effective January 1, 1997.)
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