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Code · California · Government Code

§ 16532

60 words·~1 min read·/ca/government-code/16532

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If any bank fails to pay all or any part of such deposits on demand of the Treasurer, pursuant to the terms and conditions of the contract relating to the deposit that is to be withdrawn in whole or in part, the Treasurer shall forthwith recover upon or convert the security therefor into money and disburse it according to law.
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