BlackletterCalifornia law

Government Code § 16615

ARTICLE 2. Security for Deposits

Current as of September 28, 2026Gov. Code, § 16615Official source ↗

Amended by Stats. 1987, Ch. 1035, Sec. 12.

An admitted surety insurer is not eligible as surety for deposits in any one savings and loan association or credit union in amounts in excess of 10 percent of the capital and surplus of the surety as shown in the preceding report issued by the United States Treasury Department.