Skip to content
ChatProjectCodes

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 2. Security for Deposits 16610-16622

§ 16611

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

To be eligible to receive and retain deposits, a savings and loan association and credit union shall deposit with the Treasurer as security for deposits, securities specified in Section 16612, and approved by the Treasurer, in an amount in value at least 10 percent in excess of the amount deposited with the savings and loan association or credit union.

(Amended by Stats. 1987, Ch. 1035, Sec. 9.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Government Code
California Government Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.