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TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA 8000-22980›DIVISION 4. FISCAL AFFAIRS 16100-17700›PART 2. STATE FUNDS 16300-16649.95›CHAPTER 4. Bank Deposits 16500-16565›ARTICLE 2. Security for Deposits 16520-16533

§ 16528

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

The bond of an admitted surety insurer shall not be accepted as security for demand or time deposits unless it has been certified by the Insurance Commissioner as meeting the requirements of this chapter and unless it also holds a certificate of authority from the United States Treasury Department under which it is eligible as surety on federal bonds.

(Amended by Stats. 1977, Ch. 582.)

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California Government Code

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