Statute · California Government Code
Cal. Gov't Code § 16627 — Custody of Securities
Cal. Gov't Code § 16627
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2015-06-24
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco a receipt for any securities received by it under this article. Neither the Treasurer nor the state is responsible for the custody and…
Citator
Cal. Gov't Code § 16627 — Custody of Securities is in force in the current edition of the Code, and nothing recorded condemns it.
The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco a receipt for any securities received by it under this article. Neither the Treasurer nor the state is responsible for the custody and safe return of such securities until they are withdrawn from the qualified trust company or from any federal reserve bank or any branch thereof or from the Federal Home Loan Bank of San Francisco by the Treasurer.