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Legal Resources | Government Code |  GC  16509  

Bank Deposits   

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The Treasurer is responsible for the safekeeping. management and disbursement of the certificates of deposit received and the securities deposited with him. the interest received on deposits, and the proceeds of any sale under this chapter. The State is responsible for the custody and sate return of any securities so deposited.

(Added by Stats. 1945, Ch. 120. as part of codification.)