GroundRules
GOV § 16507
Where this section sits in the code
- Government Code - GOV
- TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA [8000. - 22980.]
- DIVISION 4. FISCAL AFFAIRS [16100. - 17700.]
- PART 2. STATE FUNDS [16300. - 16649.95.]
- CHAPTER 4. Bank Deposits [16500. - 16565.]
- ARTICLE 1. General [16500. - 16510.]
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 State institution, if the officer was required or permitted by law to act as a trustee or fiduciary with respect to the money and if he made the deposit in good faith and in accordance with law.
Collected 2026-09-14T05:56:33Z. Source file · JSON