California Government Code ARTICLE 1 - General

  • Section 16600.
    (a) As used in this chapter, the following definitions shall apply:(1) “Eligible savings and loan association” means a state or federal savings association, as defined in Section...
  • Section 16601.
    Notwithstanding Section 16502, all other money in the State Treasury or under the control of the Treasurer belonging to or in the custody of the...
  • Section 16602.
    Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited...
  • Section 16603.
    Subject to the applicable contract, the Treasurer may call in money from deposits in savings and loan associations and credit unions and place it in...
  • Section 16604.
    Deposits in any savings and loan association or credit union shall not exceed the total of its net worth.(Amended by Stats. 1987, Ch. 1035, Sec.
  • Section 16605.
    Notwithstanding Section 16506, all money belonging to or in the custody of the state under the control of any state officer or employee, other than...
  • Section 16606.
    A state officer is not liable on his or her official bond for losses caused by the failure of a savings and loan association or...
  • Section 16607.
    The Treasurer is not responsible for any money deposited in a savings and loan association or credit union pursuant to this chapter, and while it...
  • Section 16608.
    The Treasurer is responsible for the safekeeping, management and disbursement of the certificates of deposit received and the securities deposited with him, the interest received...
  • Section 16609.
    Any state officer or employee who deposits any money belonging to or in the custody of the state in any manner other than as prescribed...

Last modified: October 22, 2018