Government Code section 16627

The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco 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 Neither the Treasurer nor the state is responsible for the custody and safe return of such securities until they are withdrawn from the qualified trust company or from any federal reserve bank or any branch thereof or from the Federal Home Loan Bank of San Francisco by the Treasurer.

Source: Section 16627, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16627. (updated Jun. 24, 2015; accessed Dec. 29, 2025).

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Verified:
Dec. 29, 2025

§ 16627's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_16627

Original Source: Section 16627, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16627. (last accessed May 12, 2025).