§ 7267 Federal Agency Bond Exemptions

• •This law talks about special money papers (like IOUs) from big groups like the U.S. Postal Service or big banks that help other countries.
• •These money papers are safe to use in California—people can’t say they’re fake or worthless just because they’re from these groups.
• •If you have one of these money papers, you can use it to pay for things or get money, just like cash.

If your grandma has an old savings bond from the U.S. Postal Service, she can still use it to get money from the bank.

The law says these special money papers are real and can be trusted, so the bank has to give her the money.