TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA 8000-22980›DIVISION 4. FISCAL AFFAIRS 16100-17700›PART 2. STATE FUNDS 16300-16649.95›CHAPTER 4.5. Savings and Loan Association Deposits 16600-16634›ARTICLE 3. Custody of Securities 16625-16629
§ 16627
California Government Code · 2018-11 edition · updated 2026-10-04 · California
The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco a receipt for any securities received by it under this article. Neither the Treasurer nor the state is responsible for the custody and safe return of such securities until they are withdrawn from the qualified trust company or from any federal reserve bank or any branch thereof or from the Federal Home Loan Bank of San Francisco by the Treasurer.
(Amended by Stats. 2015, Ch. 25, Sec. 28. (SB 84) Effective June 24, 2015.)
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