ARTICLE 1. General
Article 1 added by Stats. 1976, Ch. 349.
§§ 16600–16609 · 10 sections
- § 16600 (a) As used in this chapter, the following definitions shall apply: (1) “Eligible savings and loan association” means a state or federal savings association,…
- § 16601 Notwithstanding Section 16502, all other money in the State Treasury or under the control of the Treasurer belonging to or in the custody of the state, shall,…
- § 16602 Subject to the limitations of Article 4.5 (commencing with Section 16480) of Chapter 3, the Treasurer shall determine what amounts of money shall be deposited…
- § 16603 Subject to the applicable contract, the Treasurer may call in money from deposits in savings and loan associations and credit unions and place it in demand…
- § 16604 Deposits in any savings and loan association or credit union shall not exceed the total of its net worth.
- § 16605 Notwithstanding Section 16506, all money belonging to or in the custody of the state under the control of any state officer or employee, other than the…
- § 16606 A state officer is not liable on his or her official bond for losses caused by the failure of a savings and loan association or credit union in which a deposit…
- § 16607 The Treasurer is not responsible for any money deposited in a savings and loan association or credit union pursuant to this chapter, and while it remains so…
- § 16608 The Treasurer is responsible for the safekeeping, management and disbursement of the certificates of deposit received and the securities deposited with him,…
- § 16609 Any state officer or employee who deposits any money belonging to or in the custody of the state in any manner other than as prescribed in this chapter or…