DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 14. Tribal Housing Grant Program Fund Advisory Committee 15990-15990.3›CHAPTER 1.5 Budget Acts 16343-16344 — Section 16344›ARTICLE 2. Security for Deposits 16520-16533

§ 16532

California Government Code · 2026-09 edition · updated 2026-09-27 · California

If any bank fails to pay all or any part of such deposits on demand of the Treasurer, pursuant to the terms and conditions of the contract relating to the deposit that is to be withdrawn in whole or in part, the Treasurer shall forthwith recover upon or convert the security therefor into money and disburse it according to law.

(Added by Stats. 1945, Ch. 120.)

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California Government Code

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