Cal. Gov. Code § 12305
General
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2021
As of January 1, 2011
The Treasurer may contract for and secure insurance against the loss of any securities and money in his custody from any insurable risk whatsoever.
The Treasurer may contract for and secure insurance against the loss of securities and money in the Treasurer’s custody from any insurable risk whatsoever.
The amount of insurance obtained shall not exceed the daily average amount of cash and securities respectively, in the custody of the Treasurer in the preceding year.
The amount of insurance obtained shall not exceed the daily average amount of cash and securities respectively, in the custody of the Treasurer in the preceding year.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.