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California Code Of Civil Procedure Section 348

Legal Research Home > California Lawyer > Code of Civil Procedure > California Code Of Civil Procedure Section 348

To actions brought to recover money or other property
deposited with any bank, banker, trust company, building and loan
association, or savings and loan society or evidenced by a
certificate issued by an industrial loan company or credit union
there is no limitation.
   This section shall not apply to banks, bankers, trust companies,
building and loan associations, industrial loan companies, credit
unions, and savings and loan societies which have become insolvent
and are in process of liquidation and in such cases the statute of
limitations shall be deemed to have commenced to run from the
beginning of the process of liquidation; provided, however, nothing
herein contained shall be construed so as to relieve any stockholder
of any banking corporation or trust company from stockholders'
liability as shall at any time, be provided by law.

Last modified: January 12, 2009