§ 11804 Depositary Security Requirements

Water Code·California

AI SummaryVerified

This law says that the places where money is kept and the protections for that money must follow the rules set by other laws.

Key Takeaways

•Money must be kept in safe places that follow the rules.
•The protections for the money must also meet legal standards.
•This applies to any group or person handling money for others.

Example

If a school keeps money in a bank, the bank must follow all the rules to be allowed to hold that money safely.

The law makes sure the bank is trustworthy and follows the right steps to protect the school's money.

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

Official Source

View on CA.gov

§ 11804 Depositary Security Requirements

The depositaries and security provided for or agreed upon shall be qualified and eligible in accordance with the requirements of law. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

depositaries security qualified eligible requirements of law

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11804.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References