California Legal Codes and Statutes

§ 40261

Added by Stats. 1965, Ch. 1899.

All bonds of the district, to the same extent as bonds of any other municipality, are legal for use by any state or national bank or banks in the state as security for the deposit of funds of the state or of any county, city and county, city, municipality or other public or municipal corporation within the state.

Cite this section

Cal. Pub. Util. Code § 40261 (2026)
https://ca.codecond.com/codes/puc/division-10-transit-districts/part-4-orange-county-transit-district/chapter-7-bonds/article-4-status-as-investments/section-40261

Other sections in Article 4 - Status as Investments

§ 40260§ 40261

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