Government Code section 57602

(a)

A public bank shall obtain and maintain deposit insurance provided by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.).

(b)

In seeking and retaining insurance, a public bank may do all things and assume and discharge all obligations required of it that are not in conflict with state law.

Source: Section 57602, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=57602. (accessed Apr. 24, 2025).

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57607

Last Updated

Apr. 24, 2025

§ 57602’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_57602

Original Source: Section 57602, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=57602. (last accessed Apr. 24, 2025).