If an agreement is not made:
(a) Active deposits and interest thereon are subject to withdrawal upon the demand of the treasurer or other authorized official, subject to any penalties which may be prescribed by federal law or regulation.
Terms Used In California Government Code 53644
- Treasurer: means treasurer of the local agency. See California Government Code 53630
(b) Inactive deposits are subject to notice of at least thirty days before withdrawal.
(Amended by Stats. 1983, Ch. 105, Sec. 7.)