California Government Code 53632.5 – There are three classes of security for deposits:(a) Securities …
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There are three classes of security for deposits:
(a) Securities described in subdivision (m) of Section 53651.
Terms Used In California Government Code 53632.5
- Security: means any of the eligible securities or obligations listed in Section 53651. See California Government Code 53630
- Subdivision: means a subdivision of the section in which the term occurs unless some other section is expressly mentioned. See California Government Code 10
(b) Securities described in subdivision (p) of Section 53651.
(c) Securities enumerated in Section 53651, except for those described in subdivisions (m) and (p) of that section.
(Amended by Stats. 1986, Ch. 1132, Sec. 2.)