§ 31967 County Treasurer Securities Transfer

• •If the county sells stocks or bonds it owns, the county treasurer must hand them over when they get the money.
• •The treasurer can sign any papers needed to prove the stocks or bonds now belong to the buyer.
• •The treasurer is responsible for doing this job right and can get in trouble if they mess up.

The county sells some old bonds to raise money for a new school.

The county treasurer must give the bonds to the buyer once the money is paid and sign any papers to make the sale official. If they don’t do this correctly, they could be held responsible.