California Statutes
§ 16621. — 16621. (Amended by Stats. 1987, Ch. 1035, Sec. 13.)
California·Code GOV Government 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
If any savings and loan association or credit union fails to pay all or any part of deposits on demand of the Treasurer, pursuant to the terms and conditions of the contract relating to the deposit that is to be withdrawn in whole or in part, the Treasurer shall forthwith recover upon or convert the security therefor into money and disburse it according to law.
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California § 16621. (16621. (Amended by Stats. 1987, Ch. 1035, Sec. 13.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1987, Ch. 1035, Sec. 13.