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California Unemployment Insurance Code

§ 1557

UIC § 1557Div. 1 · Part 1 · Ch. 6 · Art. 3

Statute text

View on leginfo.ca.gov
Money in the Unemployment Administration Fund shall not be commingled with other state funds, but shall be maintained in a separate account on the books of the depositary. Such money shall be secured by the depositary in which it is held to the same extent and in the same manner as required under Chapter 4, Part 2, Division 4, Title 2 of the Government Code, if deposited in a bank, or under Chapter 4.5 (commencing with Section 16600) of Part 2 of Division 4 of Title 2 of the Government Code if deposited in a savings and loan association and collateral pledged shall be maintained in a separate custody account.

Legislative history

Amended by Stats. 1976, Ch. 349.

Source: California Unemployment Insurance Code § 1557 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.