Home/California/Statutes/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/§ 16621.
California Statutes

§ 16621. — 16621. (Amended by Stats. 1987, Ch. 1035, Sec. 13.)

California § 16621.
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 § 16621. (16621. (Amended by Stats. 1987, Ch. 1035, Sec. 13.)) 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 § 16621. (2026).

Text

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on demand of the Treasurer, pursuant to the terms and conditions of the contract relating to the deposit that is to be withdrawn in whole or in part, the Treasurer shall forthwith recover upon or convert the security therefor into money and disburse it according to law.

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Legislative History

Amended by Stats. 1987, Ch. 1035, Sec. 13.
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California § 16621., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/16621..