Statute · California Government Code
Cal. Gov't Code § 16615 — Security for Deposits
Cal. Gov't Code § 16615
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An admitted surety insurer is not eligible as surety for deposits in any one savings and loan association or credit union in amounts in excess of 10 percent of the capital and surplus of the surety as shown in the preceding report issued by the United States Treasury Department.
Citator
Cal. Gov't Code § 16615 — Security for Deposits is in force in the current edition of the Code, and nothing recorded condemns it.
An admitted surety insurer is not eligible as surety for deposits in any one savings and loan association or credit union in amounts in excess of 10 percent of the capital and surplus of the surety as shown in the preceding report issued by the United States Treasury Department.