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DIVISION 1.1. BANKING 1000-1910›CHAPTER 16. Trust Companies 1550-1613›ARTICLE 3. Deposits with State Treasurer 1570-1578

§ 1576

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

When any revaluation of securities is made by the commissioner pursuant to Section 1575, other than at the time such securities are presented for deposit, United States Government securities having a maturity date less than five years from the date of such revaluation shall be valued at not less than par.

(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)

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California Financial Code

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