California Legal Codes and Statutes

§ 16552

Amended by Stats. 2015, Ch. 25, Sec. 24. (SB 84) Effective June 24, 2015.

The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof a receipt for any securities received by it under this article. Neither the Treasurer nor the state is responsible for the custody and safe return of such securities until they are withdrawn from the qualified trust company or from any federal reserve bank or any branch thereof by the Treasurer.

Cite this section

Cal. Gov. Code § 16552 (2026)
https://ca.codecond.com/codes/gov/title-2-government-of-the-state-of-california/division-4-fiscal-affairs/part-2-state-funds/chapter-4-bank-deposits/article-3-custody-of-securities/section-16552

Other sections in Article 3 - Custody of Securities

§ 16550§ 16551§ 16552§ 16553§ 16554

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