§ 66499.6
47 words·~1 min read·
/ca/government-code/66499-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Such money, negotiable bond or instrument of credit shall be a trust fund to guarantee performance and shall not be subject to enforcement of a money judgment by any creditors of the depositor until the obligation secured thereby is performed to the satisfaction of the local agency.