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HomeGovernment CodeDiv. 4Pt. 2Ch. 4.5Art. 3§ 16629 Trustee Handling Fees

§ 16629 Trustee Handling Fees

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

§ 16629 Trustee Handling Fees

Key Takeaways

  • •If a special company or bank keeps your important papers safe, you have to pay them, not the government.
  • •The government won’t pay for these services, even if the papers are related to government stuff.
  • •This rule is about who pays the bill for keeping things safe—you do, not the Treasurer.

Example

You ask a bank to keep your house papers safe in their vault.

The bank will charge you a fee for keeping your papers safe. You have to pay this fee yourself, not the government.

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

Official Source
View on CA.gov

§ 16629 Trustee Handling Fees

The charges of any qualified trust company or of any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco for the handling and safekeeping of such securities are not a charge against the Treasurer but shall be paid by the owner. (Amended by Stats. 2015, Ch. 25, Sec. 30. (SB 84) Effective June 24, 2015.)

Last verified: January 22, 2026

Key Terms

qualified trust companyfederal reserve bankFederal Home Loan Bank of San Franciscohandling and safekeepingsecurities

Related Statutes

  • § 16626 Treasurer Security Deposit Authority
  • § 16628 Treasurer'S Securities Disposition Authority
  • § 16627 Treasurer'S Security Deposit Receipts
  • § 16551 Treasurer Security Deposit Authority
  • § 16552 Treasurer'S Security Receipt Responsibility

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 16629.
View Official Source