California § 16627 - The Treasurer shall take from the qualified trust company or from any federal res
Full text of California Public Contract Code - PCC § 16627 — The Treasurer shall take from the qualified trust company or from any federal res, with citation guidance and answers to common questions.
§ 16627. The Treasurer shall take from the qualified trust company or from any federal res
The Treasurer shall take from the qualified trust company or from any federal reserve bank or any branch thereof or the Federal Home Loan Bank of San Francisco a receipt for any securities received by it under this article. Neither the Treasurer nor the state is responsible for the custody and safe return of such securities until they are withdrawn from the qualified trust company or from any federal reserve bank or any branch thereof or from the Federal Home Loan Bank of San Francisco by the Treasurer.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16627
What does Public Contract Code - PCC § 16627 cover?
Section 16627 ("The Treasurer shall take from the qualified trust company or from any federal res") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 16627?
A common citation format is "Public Contract Code - PCC § 16627" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 16627 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.