DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 14. Tribal Housing Grant Program Fund Advisory Committee 15990-15990.3›CHAPTER 4.3. The Accounts Receivable Management Act 16580-16586›ARTICLE 1. General 16600-16609
§ 16606
California Government Code · 2026-09 edition · updated 2026-09-27 · California
A state officer is not liable on his or her official bond for losses caused by the failure of a savings and loan association or credit union in which a deposit is made of money belonging to an inmate of a state institution, if the officer was required or permitted by law to act as a trustee or fiduciary with respect to the money and if he or she made the deposit in good faith and in accordance with law.
(Amended by Stats. 1987, Ch. 1035, Sec. 7.)
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