California § 16613. 16613. (Amended by Stats. 1987, Ch. 1035, Sec. 10.)

California Statutes

§ 16613. — 16613. (Amended by Stats. 1987, Ch. 1035, Sec. 10.)

California § 16613.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.4.

Title 2.DIVISION 4. FISCAL AFFAIRS

Part 2.PART 2. STATE FUNDS

Ch. 4.5.CHAPTER 4.5. Savings and Loan Association Deposits

Art. 2.ARTICLE 2. Security for Deposits

This text of California § 16613. (16613. (Amended by Stats. 1987, Ch. 1035, Sec. 10.)) 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 § 16613. (2026).

Text

If it appears to him or her necessary for the security of the state, the Treasurer shall require as a condition of eligibility that a savings and loan association or credit union 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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If it appears to him or her necessary for the security of the state, the Treasurer shall require as a condition of eligibility that a savings and loan association or credit union 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.

Legislative History

Amended by Stats. 1987, Ch. 1035, Sec. 10.

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California § 16613., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/16613..