California Unemployment Insurance Code Section 1533
Legal Research Home >
California Laws > Unemployment Insurance Code > California Unemployment Insurance Code Section 1533
1533. Except as otherwise provided in this chapter, money in the
clearing and benefit accounts may be deposited by the Treasurer,
under the direction of the director, in any bank, savings and loan
association, or public depositary in which public funds of the state
may be deposited, but no public deposit insurance charge or premium
shall be paid out of the fund. Money in the clearing and benefit
accounts shall not be commingled with other state funds, but shall be
maintained in a separate account on the books of the depositary.
Such money shall be secured by the bank or public depositary to the
same extent and in the same manner as required under Chapter 4, Part
2, Division 4, Title 2 of the Government Code if deposited in a bank
or public depository, not a savings and loan association or to the
same extent and in the same manner as required under Chapter 4.5
(commencing with Section 16600) of Part 2 of Division 4 of Title 2 of
the Government Code if deposited in a savings and loan association
and collateral pledged shall be maintained in a separate custody
account.
Section: 1533
Last modified: February 22, 2013
|
