ARTICLE 1. General
Article 1 added by Stats. 1945, Ch. 120.
§§ 16500–16510 · 12 sections
- § 16500 As used in this chapter, “eligible bank” means a state or national bank located in this state, selected by the Treasurer for the safekeeping of money belonging…
- § 16500.5 (a) The definitions in Section 1670 of, and Chapter 1 (commencing with Section 99) of Division 1 of, the Financial Code apply to this section. (b) In this…
- § 16501 Under the conditions as the Treasurer with the approval of the Director of Finance may establish, the Treasurer may deposit money in banks outside this state…
- § 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, so far as possible, be…
- § 16503 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:…
- § 16504 Subject to the applicable contract, the Treasurer may call in money from time deposits and place it in demand deposits, when necessary to meet current…
- § 16505 Deposits in any bank shall not exceed the total of its net worth.
- § 16506 All money belonging to or in the custody of the state under the control of any state officer or employee, other than the Treasurer, except petty cash funds…
- § 16507 A State officer is not liable on his official bond for losses caused by the failure of a bank in which is made a deposit of money belonging to an inmate of a…
- § 16508 The Treasurer is not responsible for any money deposited in a bank pursuant to this chapter, and while it remains so deposited.
- § 16509 The Treasurer is responsible for the safekeeping, management and disbursement of the certificates of deposit received and the securities deposited with him,…
- § 16510 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 is…