Cal. Gov. Code § 16615

Current through the 2023 Legislative Session.

Section 16615 - Restriction on eligibility of surety in any one depository

An admitted surety insurer is not eligible as surety for deposits in any one savings and loan association or credit union in amounts in excess of 10 percent of the capital and surplus of the surety as shown in the preceding report issued by the United States Treasury Department.

Ca. Gov. Code § 16615

Amended by Stats. 1987, Ch. 1035, Sec. 12.