§ 16507
70 words·~1 min read·
/ca/government-code/16507A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A State officer is not liable on his official bond for losses caused by the failure of a bank in which is made a deposit of money belonging to an inmate of a State institution, if the officer was required or permitted by law to act as a trustee or fiduciary with respect to the money and if he made the deposit in good faith and in accordance with law.