California Education Code 22122 – “Custodian” as used in Section 22359, means any bank or trust company …
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“Custodian” as used in Section 22359, means any bank or trust company that serves as custodian for safekeeping, delivery, securities valuation, investment performance reporting, and other services in connection with investment of the fund.
(Amended by Stats. 1996, Ch. 634, Sec. 11. Effective January 1, 1997.)