California Financial Code

§ 1572

FIN § 1572 Effective Jan 1, 2012Div. 1.1 · Ch. 16 · Art. 3

Statute text

Security deposited with the Treasurer by trust companies pursuant to Section 1570 or 1571 shall consist of the following:

(a)Bonds or other interest-bearing notes or obligations of the United States or those for which the faith and credit of the United States are pledged for the payment of principal and interest.

(b)Bonds of the State of California or those for which the faith and credit of the State of California are pledged for the payment of principal and interest or in registered warrants of the State of California.

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Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.