California Statutes

§ 57602. — 57602. (Added by Stats. 2019, Ch. 442, Sec. 16.)

California § 57602.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.5.
Title 5.DIVISION 5. Public Banks

This text of California § 57602. (57602. (Added by Stats. 2019, Ch. 442, Sec. 16.)) 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 § 57602. (2026).

Text

(a)A public bank shall obtain and maintain deposit insurance provided by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.).
(b)In seeking and retaining insurance, a public bank may do all things and assume and discharge all obligations required of it that are not in conflict with state law.

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Legislative History

Added by Stats. 2019, Ch. 442, Sec. 16. (AB 857) Effective January 1, 2020.
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California § 57602., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/57602..