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

§ 1577

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

The money and securities deposited pursuant to this article shall be subject to sale and the same or the proceeds thereof shall be subject to disposal by the State Treasurer only on the order of a court of competent jurisdiction and for the benefit respectively of the beneficiaries of that class of trust business for the security and protection of which the securities were deposited.

(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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