§ 1577
65 words·~1 min read·
/ca/financial-code/1577A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The money and securities deposited pursuant to this article shall be subject to sale and the same or the proceeds thereof shall be subject to disposal by the State Treasurer only on the order of a court of competent jurisdiction and for the benefit respectively of the beneficiaries of that class of trust business for the security and protection of which the securities were deposited.