Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 16553 — California Law | CourtGPT
  1. Home/
  2. Laws/
  3. California/
  4. Gov Code/
  5. Title 2 - Government of the State of California/
  6. Division 4 - Fiscal Affairs/
  7. Part 2 - State Funds/
  8. Chapter 4 - Bank Deposits/
  9. Article 3 - Custody of Securities/
  10. § 16553
California Legal Code

§ 16553

Ask AI about this
16553. 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.(Amended by Stats. 2015, Ch. 25, Sec. 25. (SB 84) Effective June 24, 2015.)