Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 1.1.: DIVISION 1.1. BANKING/Ch. 16.: CHAPTER 16. Trust Companies/Art. 3.: ARTICLE 3. Deposits with State Treasurer/§ 1577.
California Statutes

§ 1577. — 1577. (Added by Stats. 2011, Ch. 243, Sec. 3.)

California § 1577.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 16.CHAPTER 16. Trust Companies
Art. 3.ARTICLE 3. Deposits with State Treasurer

This text of California § 1577. (1577. (Added by Stats. 2011, Ch. 243, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Financial Code - FIN Code § 1577. (2026).

Text

The money and securities deposited pursuant to this article shall be subject to sale and the same or the proceeds thereof shall be subject to disposal by the State Treasurer only on the order of a court of competent jurisdiction and for the benefit respectively of the beneficiaries of that class of trust business for the security and protection of which the securities were deposited.

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Legislative History

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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California § 1577., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1577..