Any securities in the hands of a receiver may, under the control of the court, be deposited by the receiver in a securities depository, as defined in § 30004 of the Financial Code, which is licensed under § 30200 of the Financial Code or exempted from licensing thereunder by Section 30005 or 30006 of the Financial Code, and such securities may be held by such securities depository in the manner authorized by § 775 of the Financial Code.

(Added by Stats. 1972, Ch. 1057.)