Statute · California Government Code
Cal. Gov't Code § 57602 — Public Banks
Cal. Gov't Code § 57602
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2020-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) A public bank shall obtain and maintain deposit insurance provided by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.).
Citator
Cal. Gov't Code § 57602 — Public Banks is in force in the current edition of the Code, and nothing recorded condemns it.
(a) A public bank shall obtain and maintain deposit insurance provided by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.).
(b) In seeking and retaining insurance, a public bank may do all things and assume and discharge all obligations required of it that are not in conflict with state law.