Statute · California Government Code
Cal. Gov't Code § 16628 — Custody of Securities
Cal. Gov't Code § 16628
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2015-06-24
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Any qualified trust company or any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco to which securities are delivered, either as agent or depositary for the Treasury, shall make such disposition of the securities as the Treasurer directs and is…
Citator
Cal. Gov't Code § 16628 — Custody of Securities is in force in the current edition of the Code, and nothing recorded condemns it.
Any qualified trust company or any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco to which securities are delivered, either as agent or depositary for the Treasury, shall make such disposition of the securities as the Treasurer directs and is responsible only for strict compliance with written instructions given to it by the Treasurer. All such securities are at all times subject to the order of the Treasurer.