California Statutes
§ 16507. — 16507. (Added by Stats. 1945, Ch. 120.)
California·Code GOV Government Code - GOV·Div. 4.·Title 2. DIVISION 4. FISCAL AFFAIRS·Part 2. PART 2. STATE FUNDS·Ch. 4. CHAPTER 4. Bank Deposits·Art. 1. ARTICLE 1. General
A State officer is not liable on his official bond for losses caused by the failure of a bank in which is made a deposit of money belonging to an inmate of a State institution, if the officer was required or permitted by law to act as a trustee or fiduciary with respect to the money and if he made the deposit in good faith and in accordance with law.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 16507. (16507. (Added by Stats. 1945, Ch. 120.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1945, Ch. 120.