California Government Code

§ 16553

GOV § 16553 Effective Jun 24, 2015Div. 4 · Title 2 · Part 2 · Ch. 4 · Art. 3

Statute text

Any qualified trust company or any federal reserve bank or any branch thereof to which securities are delivered, either as agent or depositary for the Treasury, shall make such disposition of the securities as the Treasurer directs and is responsible only for strict compliance with written instructions given to it by the Treasurer. All such securities are at all times subject to the order of the Treasurer.

Legislative history

Amended by Stats. 2015, Ch. 25, Sec. 25. (SB 84) Effective June 24, 2015.