LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeGovernment CodeDiv. 4Pt. 2Ch. 4.5Art. 1§ 16608 Treasurer'S Securities Management

§ 16608 Treasurer'S Securities Management

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 16608 Treasurer'S Securities Management

Key Takeaways

  • •The Treasurer takes care of important papers like certificates of deposit and other valuable documents given to them.
  • •The Treasurer also manages the money earned from these documents, like interest.
  • •The state makes sure these valuable documents are kept safe and given back when needed.

Example

You give your savings bond to the state for safekeeping.

The Treasurer will keep it safe, manage any money it earns, and make sure you get it back when you ask for it.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 16608 Treasurer'S Securities Management

The Treasurer is responsible for the safekeeping, management and disbursement of the certificates of deposit received and the securities deposited with him, the interest received on deposits, and the proceeds of any sale under this chapter. The state is responsible for the custody and safe return of any securities so deposited. (Added by Stats. 1976, Ch. 349.)

Last verified: January 22, 2026

Key Terms

Treasurersafekeepingcertificates of depositsecuritiescustody

Related Statutes

  • § 16509 Treasurer'S Securities Management
  • § 16626 Treasurer Security Deposit Authority
  • § 16601 State Funds Deposit Rules
  • § 16602 Treasurer'S Deposit Authority
  • § 16603 Treasurer'S Deposit Management Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 16608.
View Official Source