§ 16553
67 words·~1 min read·
/ca/government-code/16553A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any qualified trust company or any federal reserve bank or any branch thereof to which securities are delivered, either as agent or depositary for the Treasury, shall make such disposition of the securities as the Treasurer directs and is responsible only for strict compliance with written instructions given to it by the Treasurer. All such securities are at all times subject to the order of the Treasurer.