Government Code section 16552

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 Neither the Treasurer nor the state is responsible for the custody and safe return of such securities until they are withdrawn from the qualified trust company or from any federal reserve bank or any branch thereof by the Treasurer.

Source: Section 16552, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16552. (updated Jun. 24, 2015; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 16552's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_16552

Original Source: Section 16552, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16552. (last accessed May 12, 2025).