54551. 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.
(Added by Stats. 1949, Ch. 81.)
Structure California Code