California Government Code ARTICLE 3 - Custody of Securities

• Section 16550.
  As used in this article, “qualified trust company” means the trust department of any State or National bank in this State or a trust company...
• Section 16551.
  With the consent of the bank owning securities deposited or to be deposited with him or her as security, the Treasurer may:(a) Authorize any qualified trust...
• Section 16552.
  The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof a receipt for any securities received...
• Section 16553.
  Any qualified trust company or any federal reserve bank or any branch thereof to which securities are delivered, either as agent or depositary for the...
• Section 16554.
  The charges of any qualified trust company or of any federal reserve bank or any branch thereof for the handling and safekeeping of such securities...

Last modified: October 22, 2018