California Statutes
§ 12305. — 12305. (Amended by Stats. 2021, Ch. 50, Sec. 61.)
California·Code GOV Government Code - GOV·Div. 3.·Title 2. DIVISION 3. EXECUTIVE DEPARTMENT·Part 2. PART 2. CONSTITUTIONAL OFFICERS·Ch. 4. CHAPTER 4. Treasurer·Art. 1. ARTICLE 1. General
The Treasurer may contract for and secure insurance against the loss of securities and money in the Treasurer’s custody from any insurable risk whatsoever.
The amount of insurance obtained shall not exceed the daily average amount of cash and securities respectively, in the custody of the Treasurer in the preceding year.
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California § 12305. (12305. (Amended by Stats. 2021, Ch. 50, Sec. 61.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2021, Ch. 50, Sec. 61. (AB 378) Effective January 1, 2022.