California Statutes
§ 971.2. — 971.2. (Amended by Stats. 1975, Ch. 285.)
California·Code GOV Government Code - GOV·Div. 3.6.·Title 1. DIVISION 3.6. CLAIMS AND ACTIONS AGAINST PUBLIC ENTITIES AND PUBLIC EMPLOYEES·Part 5. PART 5. PAYMENT OF CLAIMS AND JUDGMENTS·Ch. 2. CHAPTER 2. Payment of Judgments Against Local Public Entities·Art. 1. ARTICLE 1. General
(a)All judgments for which a local public entity is liable are legal investments for all trust funds, and for the funds of all insurance companies, banks (both commercial and savings) and trust companies, and for every other local public entity within this state, to the same extent as bonds of the local public entity liable for the judgment.
(b)Whenever any money or funds may by law be invested in or loaned upon the security of bonds of a local public entity, such money or funds may be invested in or loaned upon the security of a judgment for which such local public entity is liable; and whenever bonds of a local public entity may be used as security for the faithful performance or execution of any court or private trust or of any other act, a judgment for which such local public entity
Free access — add to your briefcase to read the full text and ask questions with AI
California § 971.2. (971.2. (Amended by Stats. 1975, Ch. 285.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1975, Ch. 285.