California Code
PART 2 - STATE FUNDS
CHAPTER 4 - Bank Deposits

ARTICLE 1 - General

Section 16500. - 16500. As used in this chapter, “eligible bank” means a...

Section 16500.5. - 16500.5. (a) The definitions in Section 1670 of, and Chapter...

Section 16501. - 16501. Under the conditions as the Treasurer with the approval...

Section 16502. - 16502. All other money in the State Treasury or under...

Section 16503. - 16503. Subject to the limitations of Article 4.5 (commencing with...

Section 16504. - 16504. Subject to the applicable contract, the Treasurer may call...

Section 16505. - 16505. Deposits in any bank shall not exceed the total...

Section 16506. - 16506. All money belonging to or in the custody of...

Section 16507. - 16507. A State officer is not liable on his official...

Section 16508. - 16508. The Treasurer is not responsible for any money deposited...

Section 16509. - 16509. The Treasurer is responsible for the safekeeping, management and...

Section 16510. - 16510. Any State officer or employee who deposits any money...

ARTICLE 2 - Security for Deposits

Section 16520. - 16520. Security shall not be required for that portion of...

Section 16521. - 16521. To be eligible to receive and retain demand or...

Section 16522. - 16522. The following securities may be received as security for...

Section 16523. - 16523. If it appears to him necessary for the security...

Section 16525. - 16525. In lieu of deposits of securities, any otherwise eligible...

Section 16526. - 16526. An admitted surety insurer is not eligible as surety...

Section 16527. - 16527. On demand of the Treasurer, the Insurance Commissioner shall...

Section 16528. - 16528. The bond of an admitted surety insurer shall not...

Section 16529. - 16529. The form of bonds required under this chapter shall...

Section 16530. - 16530. A surety upon any bond to secure demand or...

Section 16531. - 16531. That portion of any security for deposit that is...

Section 16531.1. - 16531.1. (a) Notwithstanding any other law and without regard to...

Section 16532. - 16532. If any bank fails to pay all or any...

Section 16533. - 16533. If at any time the security deposited with the...

ARTICLE 3 - Custody of Securities

Section 16550. - 16550. As used in this article, “qualified trust company” means...

Section 16551. - 16551. With the consent of the bank owning securities deposited...

Section 16552. - 16552. The Treasurer shall take from the qualified trust company...

Section 16553. - 16553. Any qualified trust company or any federal reserve bank...

Section 16554. - 16554. The charges of any qualified trust company or of...

ARTICLE 4 - Contracts

Section 16560. - 16560. The Treasurer shall enter into such contracts with such...

Section 16561. - 16561. In order to obtain as high rates of interest...

Section 16562. - 16562. The contracts covering demand state deposits shall provide that...

Section 16563. - 16563. The contracts shall be executed by the depositaries in...

Section 16564. - 16564. At the time of depositing State money in any...

Section 16565. - 16565. On the order of the Treasurer, depositary banks shall...