Statute · California Government Code
Cal. Gov't Code § 16525 — Security for Deposits
Cal. Gov't Code § 16525
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
In lieu of deposits of securities, any otherwise eligible bank may deposit with the Treasurer bonds of admitted surety insurers as security for demand and time deposits.
Citator
Cal. Gov't Code § 16525 — Security for Deposits is in force in the current edition of the Code, and nothing recorded condemns it.
In lieu of deposits of securities, any otherwise eligible bank may deposit with the Treasurer bonds of admitted surety insurers as security for demand and time deposits.