California Statutes
§ 16523. — 16523. (Amended by Stats. 1957, Ch. 1542.)
California § 16523.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.4.
Title 2.DIVISION 4. FISCAL AFFAIRS
Part 2.PART 2. STATE FUNDS
Ch. 4.CHAPTER 4. Bank Deposits
Art. 2.ARTICLE 2. Security for Deposits
This text of California § 16523. (16523. (Amended by Stats. 1957, Ch. 1542.)) 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.
Bluebook
Cal. Government Code - GOV Code § 16523. (2026).
Text
If it appears to him necessary for the security of the State, the Treasurer shall require as a condition of eligibility that a bank furnish an indemnity bond approved by the Treasurer, conditioned against loss by any depreciation in value that may occur in securities deposited as security for the safekeeping and prompt payment of deposits. The sureties shall not be stockholders of the principal.
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Legislative History
Amended by Stats. 1957, Ch. 1542.
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California § 16523., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/16523..