California Legal Codes and Statutes

§ 12305

Amended by Stats. 2021, Ch. 50, Sec. 61. (AB 378) Effective January 1, 2022.

The Treasurer may contract for and secure insurance against the loss of securities and money in the Treasurer’s custody from any insurable risk whatsoever.

The amount of insurance obtained shall not exceed the daily average amount of cash and securities respectively, in the custody of the Treasurer in the preceding year.

Cite this section

Cal. Gov. Code § 12305 (2026)
https://ca.codecond.com/codes/gov/title-2-government-of-the-state-of-california/division-3-executive-department/part-2-constitutional-officers/chapter-4-treasurer/article-1-general/section-12305

Other sections in Article 1 - General

§ 12302§ 12304§ 12305

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.