GroundRules
GOV § 16606
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 4.5. Savings and Loan Association Deposits [16600. - 16634.]
- ARTICLE 1. General [16600. - 16609.]
A state officer is not liable on his or her official bond for losses caused by the failure of a savings and loan association or credit union in which a deposit is made 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 or she made the deposit in good faith and in accordance with law.
Collected 2026-09-14T05:56:33Z. Source file · JSON