§ 16606
80 words·~1 min read·
/ca/government-code/16606A 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 or her official bond for losses caused by the failure of a savings and loan association or credit union in which a deposit is made 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 or she made the deposit in good faith and in accordance with law.